News

Aberdeen Asset Management is to raise the initial charge on a number of emerging markets funds to 2% in order to stem inflows and avoid liquidity issues.

First State Investments is to launch a local currency emerging market debt fund to sit alongside its existing hard currency OEIC.

An activist shareholder is demanding US technology giant Apple pay out more of its $137bn (£87bn) cash pile to investors.

Invesco Perpetual's Neil Woodford has sold his position in Voadafone, a former favourite in his two behemoth income funds.

Platform giant Hargreaves Lansdown has said it is ready for any price war started by rivals looking for a foothold in the direct to consumer market.

Investors have been trading equities en masse, according to the latest data from BlackRock, with 94% of a record $262.7bn of flows accounted for by the asset class last month.

The incoming Bank of England governor Mark Carney has said "the bar for change to the monetary framework is very high", warning any change to the current interest rate target could damage the economy.

The Bank of England's Monetary Policy Committee (MPC) has said inflation may remain above the 2% target for the next two years, in part due to sterling weakness.

Trevor Matthews, chief executive of Aviva UK, is to step down from the role.

The board of the SVM Global investment trust has appointed Henderson Global Investors as investment manager, after the board opted to drop Colin McLean's firm from the mandate.