FTSE 100

Not all products offering limited liquidity should be tarred with the same brush.

Wealth managers are positioning clients' portfolios cautiously this quarter amid expectations of a setback for equity markets, despite growing appetite for risk among investors.

Shares in oil giant Royal Dutch Shell have dragged on the FTSE 100 today, after the company issued a profits warning for Q4 this morning.

Nick Train, a long-term backer of Hargreaves Lansdown, has said the platform's assets could hit £240bn by 2020 - a figure which would mean adding £200bn in AUA over the next six years.

Rathbones' chief investment officer Julian Chillingworth has labelled the apparent value in European equities ‘misleading', claiming the region is in for another year of anaemic growth.

Aberdeen Asset Management this morning reported it had seen AUM drop 3% as outflows continued from its equity funds and inflows dropped back sharply, following its move to cap Devan Kaloo's emerging markets fund.

The FTSE 100 was down as much as 0.5% this morning, mimicking losses seen globally, as investors reacted to poor economic data.

Old Mutual Global Investors' Richard Buxton has told Investment Week his move from Schroders to his new firm is his last in fund management.

AIM

Aberdeen Asset Management is the biggest faller in the FTSE 100 index on the first trading day of 2014, as investors take profits after a stunning run higher for the business recently.