Global Equities

Investec is bringing its $463m Global Franchise fund onshore as it expands its specialist equity range, Investment Week understands.

The managers of the Kennox Strategic Value fund have moved to add several new holdings to their concentrated portfolio in a bid to take advantage of market volatility.

Bank of America Merrill Lynch's latest 'equity hitchhiker's guide to the global galaxy' has outlined a range of prospective trades for investors in the coming months.

It has been a monumental ten years for equity and bond markets, with the euphoria of the first half matched by the despair seen on the faces of traders in the second half, after one of the worst financial meltdowns ever seen.

Microsoft has reported a quarterly net loss of $492m, its first in 26 years as a public company, but it and Google helped ease concerns over the resilience of the tech sector as sales rose despite overall.

The majority of global equity funds underperformed the market in the first half of 2012, with many managers wrong-footed by the US outperformance.

China's benchmark equity index has fallen to its lowest level for three and a half years, as investors continue to fret over the impact of the global slowdown.

FMF

J.P. Morgan Chase, the US banking giant based in New York, saw profits fall 3.1% overall in Q1, but still beat analysts' forecasts.

Newton has renamed its £1.1bn International Growth fund as former CIO Jeff Munroe takes over as manager.