Weak growth and falling inflation mean investors should expect more quantitative easing by the end of the year, says Fidelity's asset allocation director Trevor Greetham.
Fidelity International is launching a new UK equity fund which aims to never fall more than 20% from its highest ever NAV.
China is expected to overtake Japan as the world's second largest economy as GDP growth in Japan slowed to 0.1% in the second quarter.
The FTSE 100 regained some of the ground it lost today in late trading, but still closed down 0.8% lower at 5,211 points.