News

Henderson is to scrap the yield target on two of its multi-manager funds due to "dramatic changes" in the income environment", Investment Week can reveal.

We are not even halfway through the year but already one of the big themes emerging for 2013 is the sheer number of prominent funds which have been soft-closed owing to capacity constraints.

Kames Capital has promoted Claire McGuckin to co-manager of the Kames High Yield Global Bond Fund to ease the burden on the existing team.

Japanese investors are still net sellers of foreign bonds despite Shinzo Abe's policy of aggressive fiscal stimulus, with the situation unlikely to change until inflation starts to climb, M&G's Mike Riddell has said.

George Osborne has started the sale process of the taxpayer stake in Royal Bank of Scotland (RBS) and Lloyds, within hours of both banks getting approval from regulators over their capital strength.

Legg Mason Capital Management veteran Bill Miller is backing airlines in his Opportunity fund, a sector he said has been "uninvestable" until recently.

Franklin Templeton is set to close Mark Mobius' $2bn Templeton Frontier Markets fund to new clients next month, Investment Week understands.

Close Brothers has reported positive net flows into its asset management division, with assets under management up 10% year to date.

The head of the International Monetary Fund (IMF) Christine Lagarde appeared before a French magistrate yesterday to face questioning over allegations of embezzlement and fraud.

Japanese shares have clawed back some of their losses after falling more than 7% yesterday in a dramatic trading session.