News

Barclays' wealth division has closed its discretionary fund management service to advised clients with less than £250,000 of investable assets.

The Court of Appeal has overturned a High Court ruling which would have allowed a judicial review of a Financial Services Authority's Regulatory Decisions Committee (RDC) determination.

The volatility in markets continued overnight as stocks around the globe rebounded, led by Japan where the Nikkei jumped nearly 2%.

Investors should be cutting their exposure to Asia and emerging markets and looking more to the developed world, according to F&C co-head of multi-manager Gary Potter.

Specialist fund manager Polar Capital has seen assets under management surge in the last 12 months, rising by over 40% as inflows into Japan and climbing equity markets provide a boost.

The era of easy money may continue for another two years despite US Federal Reserve chairman Ben Bernanke's 'bombshell' announcement last month, according to Fidelity's Ian Spreadbury.

Emerging market debt suffered its worst weekly sell-off for nearly two years in June, as investors reduced local currency exposure in anticipation of a rising dollar.

Royal London's Derek Mitchell has urged caution on the surging housebuilding sector, which has been a major contributor to mid-cap fund performance over recent months.

Mid cap managers are reviewing some of their key holdings following the latest re-shuffle of the FTSE indices, which has seen two popular stocks promoted.

Sharp share price falls from a number of financials have sent the FTSE 100 lower today, with the index approaching a four-month low.