News

Emerging market fund flows have suffered their worst week since 2011, as investors fear a correction arising from the tapering of the US's QE program.

Scottish Widows Investment Partnership's Daniel McKernan is to join Standard Life Investments as head of sterling investment grade credit.

Fidelity's Ian Spreadbury has warned the UK economy would be unable to handle higher gilt yields, and expects incoming governor Mark Carney to push for more stimulus to keep prices stable.

Cofunds has reported an annual profit fall of 15% for 2012, despite increasing turnover and assets under administration (AUA).

Asian markets fell again overnight over uncertainty around US employment numbers out later today.

Well-known economist Roger Bootle stands to make tens of millions of pounds from the potential sale of his consultancy Capital Economics, in a deal which could value the group at £50m-£70m, according to reports.

Leading bond managers have said the US Federal Reserve could start winding down its QE programme as soon as this summer, with treasury yields jumping as a result.

The Bank of England has opted against further quantitative easing at Mervyn King's final Monetary Policy Committee meeting, dashing the governor's hopes of more stimulus.

Nigel Bolton, head of the BlackRock European equity team, has picked his winners from among Europe's unloved sectors as equity valuations fall to '100-year lows'.

Nikko Asset Management is separating out its chairman and CEO roles, and has appointed ex-Nomura executive Takumi Shibata as director and chairman ahead of a planned IPO.