News

Liontrust is to launch low-cost share classes aimed at wealth managers across Jan Luthman and Stephen Bailey's Macro fund range, as part of an administration change which will also see the group drop Capita as its authorised fund manager.

Aviva has vowed to turn around the performance of its struggling funds business - Aviva Investors - after operating profits fell 13% year on year.

China's inflation level fell to a 30-month low of 1.8% in July, continuing to tumble as the global slowdown takes hold.

US multi-cap equity specialist John Eisinger has left Janus Capital, Investment Week understands.

France's economy will slip back into recession in the third quarter, posting a 0.1% contraction, the Bank of France has warned.

HSBC Global Asset Management has combined the funds within its multi-asset International Selection range with the bank's retail consumer World Selection offering.

Schroders' Virginie Maisonneuve has been focusing on the consumer sector within her global equity funds as a play on the US economic recovery.

Troy Asset Management's Sebastian Lyon has advised investors not to buy equities now, as stock valuations are stretched to 2007 levels.

The Bank of England has cut its forecast for economic growth this year to almost zero and has predicted inflation will be below target in the medium term.

Global mining giant Rio Tinto has suffered a 22% drop in profits for the first half of 2012 as weak commodity prices hit growth.