F&C

Ethical investors of the World unite! You have nothing to lose but the shackles of your guilty consciences.....

F&C's Gareth Morgan says Russian President Dmitry Medvedev may have underestimated the country's recovery, with the manager predicting GDP growth in excess of 5% next year.

The £60m F&C US Smaller Companies investment trust beat its benchmark by nearly 20% over the year to 30 June.

F&C has appointed Nucleus co-founder Philip Martin as head of proposition for its UK retail business.

F&C has made a debt exchange offer to holders of its £260m in subordinated notes, in a move aimed at reducing its gross and net debt.

F&C has reintroduced AXA Framlington Equity Income to its multi-manager Cautious and Distribution portfolios.

F&C has added Nevsky Global Emerging Markets to its Lifestyle Growth portfolio and multi-manager Growth and Balanced funds.

The markets have continued to move positively, driven in part by second-quarter results which have so far been relatively supportive.

F&C Asset Management has reported a £8.7m after tax loss for the first six months of the year, with strong currency movements contributing to a £10.3bn fall in AUM.

The F&C multi-manager team has sold its position in First State's Asia Pacific Leaders and switched into the Veritas Asian fund.