News

Edward Bramson is to stand down from his role as chairman of F&C Asset Management, to be replaced by Kieran Poynter.

Analysts are upgrading their UK growth forecasts ahead of a potential upwards revision to Q2 figures this Friday.

The Mixed Investment 20-60% shares was the most popular sector in July for the seventh consecutive month, according to sales data from Cofunds.

Multi-asset manager Mike Pinggera has moved to reinvest half of the 65% cash pile in his new fund, after fears over a pull-back in equities saw him switch in to the "cheapest and most effective hedge" in July.

Aberdeen Asset Management was among the worst fallers on the FTSE 100 today, down nearly 5% in morning trading, as investors react to the recent sell-offs in EMs and panic over its impact on the group.

The board of the £1.3bn Murray International Trust has blamed "significant" underweights to North America and Japan for underperformance in the first half of 2013.

Emerging markets are currently in a cyclical bear market, with more pain possible, but the sell-off offers investors a good opportunity to add to positions for the long term, according to a leading strategist.

Legal & General Investments has launched a range of five risk targeted multi-asset funds with an AMC of just 0.25%, as it looks to benefit from the move by advisers to outsource fund selection.

AFH Financial Group, an independent financial advisory and discretionary wealth management firm, has raised £2.8m to fund its acquisition strategy.

In a surprise statement, Germany's finance minister has admitted Greece will need a third bailout package.