The IMA UK Smaller Companies sector has delivered a second year of strong performance after generating phenomenal returns in 2009.
Premier's new Environmental Power & Water fund is likely to launch with an overweight to Asia. The new fund, which is a conversion of the existing 20m UK Smaller Companies portfolio, launches on 1 November.
The US economy grew at a 2% annual rate in the third quarter, faster than in the previous three months.
Bank of England Governor Mervyn King has thrown his weight behind breaking up the banks as part of reforms to protect the taxpayer from another financial meltdown.
The UK government borrowed a record £16.2bn in September to repair the nation's finances, a figure which surprised economists.