News

Fund managers have increased cash positions significantly in the last month as investors scale back their risk-taking, a recent survey found.

Goldman Sachs posted a 23% drop in profits in the first quarter of the year but managed to beat analysts' expectations, after a rebound in trading and credit markets boosted its revenue.

Consumer group Which? has listed absolute return funds and task-based income protection cover among a list of 'financial products to avoid'.

Insight's currency specialist Dale Thomas has reversed his underweight to the US dollar as he repositions his fund for further euro weakness.

A successful manager can add as much as 5% to the value of a fund every year, according to a new study.

UK banks were making solid gains early this morning, lifting the wider FTSE 100 index, having been sold-off yesterday on eurozone fears.

AXA IM manager Julian Thompson has questioned the findings of a McKinsey study which suggests a ‘funding gap' may reshape global markets over the next decade.

Scottish Widows Investment Partnership (SWIP) has announced the first casualty of its cost-cutting drive after revealing its intention to wind-up Peter Cockburn's UK Select Trust.

The UK Consumer Prices Index (CPI) climbed in March as higher food and clothing prices pushed inflation up to 3.5%.

Asian markets fell overnight after data was released showing foreign investment into China slowed for a fifth month in a row.