News

Warren Buffett fans hoping to hear the Sage of Omaha sing to celebrate the Chinese New Year will be disappointed.

PIMCO has confirmed it will launch a low-cost tracker version of the PIMCO Total Return fund for US investors on 1 March.

Barings is merging Colin Harte's Absolute Return Global Bond trust into Andrew Cole's £90m Multi Asset fund.

The public's willingness to accept economic reform may be a greater problem for Europe this year than the stubbornness of the ECB, according to the managers of the Ruffer Investment Company.

Fitch Ratings has ruled out the prospect of cutting France's AAA-credit rating this year but warned fresh downgrades are on the cards for Spain and Italy.

The S&P 500 has risen 1.2% to 1,295, its highest level since 1 August, helping extend gains in the UK and Europe.

Ashcourt Rowan has appointed Jim Roberts, founder of Skandia Investment Management, to the board as a non-executive director.

Fidelity's Sanjeev Shah has reduced his holding in part-nationalised lender Royal Bank of Scotland (RBS) following a tough year for financials in 2011.

The UK has sold £700m of long-dated index-linked gilts for a negative real yield of 0.116%, the lowest level ever recorded.

PIMCO chief executive Mohamed El-Erian said the Federal Reserve should hold back on unloading QE3, as he believes further stimulus will prove futile in attempting to reduce inflation.