Europe

UBS Asset Management is to become the latest group to boost its passive fund offering in the UK, as it launches the first product in a new range for retail investors.

Lombard Odier Investment Managers (LOIM) is merging its global and emerging fixed income arms into a single unit.

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INFRASTRUCTURE

GLOBAL

The eurozone crisis is now over and investors must start adding cyclical risk back into their portfolios, according to Neptune's head of European equities Rob Burnett.

First State Investments has launched a Global Credit Income fund for the UK market, targeting wealth managers and discretionary investors.

Mirabaud Asset Management has launched a high yield bond product for its latest recruit Andrew Lake, who joined the group from Aviva Investors at the start of the year.

Henderson's John Bennett has returned to the much-maligned Irish banking sector for the first time in over six years despite warning the position might make investors 'wince'.

EQUITIES