News

PIMCO has launched an Inflation Strategy fund for Mihir Worah in response to the threat of rising inflation across the globe.

Legal & General Investments (L&G I) has cut the annual management charges across its index fund range by five basis points, in a move to bolster the appeal of its passive proposition.

Research and investment house GaveKal Investments has launched a new fund for sophisticated investors that targets capital growth by moving long and short of equity market indices.

First State is considering moving Jonathan Asante's £4bn GEM Leaders fund out of the IMA Global Emerging Markets sector in order to combat capacity issues, Investment Week understands.

Jupiter is lining up a standalone global equity income vehicle after it was forced to shelve plans to convert its European Income fund into a global offering.

Royal London Asset Management (RLAM) is planning to launch an absolute return bond fund later this year for Paul Rayner and Craig Inches, Investment Week understands.

Portugal's constitutional court has ruled against the country's planned austerity programme, putting its £78bn bailout package in jeopardy and creating a fresh crisis for the eurozone.

Credit rating agency Standard & Poor's has warned of the continuing negative outlook for the UK economy, but reaffirmed its triple A rating for the country.

HM Revenue & Customs's (HMRC's) decision to tax unit and cash rebates could violate UK case law on competition, according to a platform consultancy.

Prudential paid its chief executive officer Tidjane Thiam £7.8m last year despite him being reprimanded by the Financial Services Authority (FSA) over a bid for AIA Group.