Fidelity

Fidelity has reduced the annual management charges on its multi-asset range, aligning the fees to 1.25%.

BONDS

The board of Anthony Bolton's Fidelity China Special Situations fund has bought back a further 750,000 shares in a bid to narrow its discount.

Fidelity's Anthony Bolton is expecting a slowdown in inflation to boost equity markets in China next year, following a sell-off which has hurt performance in 2011.

Threadneedle's head of global equities Jeremy Podger has left the company to join Fidelity and run its £1.5bn Global Special Situations fund.

Fidelity's global CIO, equities, Dominic Rossi has forecast another difficult year for equity investors as we enter 2012 but believes emerging markets are set to come back into the spotlight.

IMF urges China to bring state-owned banking sector into line with international practices

ON ASIA

DEFLATION

My base case scenario for Europe remains the same, although my confidence in this has reduced.