MSCI

EMERGING MARKETS

Chinese stocks took a severe hit as the threat of a credit crunch in China escalated and the country's central bank threatened to continue its credit-tightening policy.

CHINA

Mirabaud Asset Management has poached AXA Investment Management's Anu Narula to run a new global equity portfolio.

The continued weakness of sterling against the US dollar has prompted fund buyers to move out of sterling-hedged share classes and into unhedged or dollar-denominated positions.

RUSSIA

INFRASTRUCTURE

Andrew Graham, manager of the Martin Currie Pacific trust, argues the trend for earnings downgrades must reverse before stock markets can go higher.

ASIA

EQUITY