News

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.

The increasing likelihood of former US treasury secretary Larry Summers becoming Fed chairman next year has prompted a further spike in bond yields, analysts suggest.

The continued rise in US treasury yields has raised concerns the broader economic recovery may be under threat if the sell-off continues.

The return of Japan's Prime Minister Shinzo Abe has boosted the country's stock market and lifted inflation, but which managers have benefited most so far, and which have lagged behind?

M&G has appointed Daniel White as manager of the £120m M&G North American Value fund, replacing Richard Brody.