Bank of America

Fund selectors are increasingly favouring boutique investment houses and rejecting star managers, according to a survey by distribution company Harrington Cooper.

US fund managers have "failed" their clients by focusing on preserving their careers rather than growing clients' capital, according to Baillie Gifford's Ian Tabberer.

The CoCo conundrum

Regulation

Japanese equity funds have seen the largest even outflows in US dollar terms as investors rushed for safe-haven cash, latest data from Bank of America Merrill Lynch reveals.

Bank of America Merrill Lynch is close to agreeing a $16bn-$17bn settlement over its handling of mortgage-backed securities in the run up to the financial crisis, according to reports.

Managers have suggested growth stocks - many investors' favoured plays for a post-QE era - may struggle once the Fed slows its asset purchase programme.

Bank of America Merrill Lynch has named its top ten trades for this autumn as investors prepare for a tapering of QE in the US and a possible jump in interest rates.

Goldman Sachs, Visa and Nike are to join the Dow Jones Industrial Average (DJIA) index later this month in the largest shake-up for almost a decade.

Global fund managers have become significantly more confident on the outlook for growth, according to a survey by Bank of America Merrill Lynch.