GDP

CHIEF EXECUTIVE INTERVIEW

Some UK equity fund managers are taking risk off the table in the belief Britain is facing a double-dip recession, following lacklustre GDP figures released last week.

J.P. Morgan has raised £46.7m for its Brazil investment trust, the first UK closed-ended company focused on the Latin American country.

COLLINGS' CORNER

UK GDP grew by 0.2% in the first quarter of 2010, lagging the 0.4% growth rate widely expected.

Britain's gross domestic product is expected to have expanded 0.4% in the first quarter of 2010, according to a survey of City economists.

Britain is likely to see an export-led economic recovery going into 2011, but the economy will continue to suffer for the rest of this year, according to the spring forecast from the Ernst & Young ITEM Club.

ON EUROPE

JAPAN ANALYSIS

China-focused funds keep on coming with some advocating an IMA China sector