schroders

Top performing high-yield managers attribute good results to high-yield convictions

Henderson's Bill McQuaker, Schroders' Andrew Yeadon and Sarasin's David Vickers have been selected to run funds for IFA Foster Denovo's new investment company, Sequel.

The Japanese market has benefited from the improvement in investor confidence we have seen in recent months, although the weakness of the yen this year has been a negative for sterling-based investors (a reversal of the picture in 2008).

The UK economy is struggling but it is not all bad news in the stock market.

Equity markets have clearly benefited from a dramatic shift in investor sentiment since early March - when the prevailing fear was that what had been a painful recession could escalate into an even more painful and longer-lasting depression.

Schroders has recorded a £2.3bn net retail inflow in the second quarter of the year, as the asset manager's strong start to 2009 continues.

Financials have helped the FTSE 100 regain its winning streak, with the index up over 1% this afternoon.

The FTSE 100 has this morning begun to reclaim some of yesterday's losses, with a buoyant Schroders ahead early on the back of an upgrade from Morgan Stanley analysts.

Lloyds is set to choose a buyer for its Insight Investments operations within weeks, having reportedly received five binding offers from firms including Schroders and Gartmore owners Hellman & Friedman.

Former New Star multi-manager Clare Bryant has joined investment consultants Mercer as a European equity researcher.