Equities

Fidelity's China Consumer fund manager Raymond Ma is set to move less defensive as valuations look more attractive after the September sell-off.

Facebook has delayed its $66.5bn IPO until late 2012 in order to keep employees focused on their jobs rather than a payout, according to reports.

FIVE OF THE BEST

Schroders has launched a concentrated Brazilian Equity fund that seeks to benefit from the country's domestic growth story.

Newton is to lower the dividend target on Tineke Frikkee's Newton Higher Income fund in light of a "challenging market environment", as the group also moves to merge a number of its UK equity funds.

Net retail fund sales fell to their lowest level since October 2008 in July while equity funds saw net outflows for the first time in over two years.

Argonaut Capital Partners has appointed Edward James as chief operating officer as the boutique becomes more independent from Ignis.

Barings' Agnes Deng is increasing exposure to Chinese banks within the £2.5bn Hong Kong China fund as valuations fall to levels last seen during the banking crisis.

Innes McKeand has left his post as head of equities at Aegon Asset Management to move to Australia.

Am I the only one to have noticed many investors seem to be using heightened uncertainty to suggest a new moral order should prevail?