News

Liontrust today reported inflows had more than trebled in the last quarter to over £300m as demand for its funds helped lift AUM despite the pullback in markets at the end of May.

European Union lawmakers have narrowly rejected a proposal to cap fund mangers' bonuses, a decision which if approved would have blocked payouts from exceeding annual salaries.

The Targeted Absolute Return sector was the best-selling IMA sector in May, with £255 million in net retail sales, well above its average figure for the year.

Two Aberdeen Asset Management employees have been killed in a road accident while cycling from Land's End to John o'Groats on a charity bike ride.

Newton's Jason Pidcock is maintaining an overweight to Australian equities in his Asian Income portfolio, despite the recent underperformance of the local currency against the US dollar.

Legal & General Investments has axed Robert Churchlow, the group's head of UK equities, from his two UK mandates, with the manager's future now uncertain after the company declined to comment on whether he still worked for the firm.

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.

Emerging markets face a tough summer but this could lead to an entry point for investors at the end of Q3, said Jupiter's Kathryn Langridge.

ASIA

Aubrey Capital Partners is set to launch a high conviction EU equity fund with "quiet confidence" 2013 will be a strong year for the region's markets.