News

Economies around the globe need to shore up their fiscal positions now following an improvement in growth rates, and before the next crisis hits home, the World Bank has warned.

River and Mercantile has revealed it plans to close soft-close Dan Hanbury's UK Equity Smaller Companies fund - currently £360m in size - when it reaches £550m.

The heavy selling seen in emerging markets since last May has halted year to date as buyers snap up sold-off shares, but Aberdeen's global emerging markets head Devan Kaloo has warned there could be more pain to come.

Franklin Templeton has soft-launched two multi-asset funds for recent hire Toby Hayes ahead of a full launch later this year.

The amount of private wealth held by households rose by 14% last year, fuelled by rising stock markets.

Confidence in the UK financial system has hit a post-crisis high despite soaring valuations pointing towards a correction, according to the FT.

The managers of the Ruffer investment trust have added to their Japanese bank holdings, expecting the sector to benefit from a domestic recovery.

Market volatility has dropped to lows not seen since before the financial crisis, prompting expectations of a sharp spike, but some strategists suggest it could remain anchored for years to come.

Henderson is to convert its £1.8bn property unit trust to an OEIC in advance of a potential conversion into a Property Authorised Investment fund (PAIF).

Miton has said its multi-asset portfolios will continue to be positioned at the defensive end of the investment spectrum following the exit of manager Martin Gray.