Hermes has listed its 11-strong suite of UCITS funds in the IMA sectors, ramping up its push into the UK wholesale market just as Jupiter's John Chatfeild-Roberts buys into one offering.
Legg Mason is introducing a sterling-hedged share class on its offshore Legg Mason Royce US Small Cap Opportunity Fund in response to client demand in the UK.
Big moves in the technology and materials sectors helped the S&P 500 close at its highest ever level on Monday.
European markets and the US dollar have extended losses after US GDP came in at a lower than expected 2.5% in Q1.
Equity markets have moved sharply higher despite a brief sell-off yesterday sparked by inaccurate reports of a terrorist attack on the White House.
US fund house Polen Capital Management is making a move into the UK market with the launch of the Polen Focus US Growth fund.
Apple shares have hit their lowest levels in a year and half, after a supplier hinted at a slowdown in iPhone and iPad production.
Markets in the US and Asia moved lower overnight as expectations of a weak update from Apple hit technology shares, while tumbling commodity prices impacted mining stocks.