News

J.P. Morgan Asset Management has launched an emerging markets multi-asset fund, managed by Nadia Grant, that will harness both its equity and fixed income expertise.

Italy has had its sovereign debt rating cut by ratings agency Standard & Poor's as the European debt crisis continues to rumble on.

US markets fell 2% at open, adding to the grim picture in Europe, as investors continued to fret over the future of Greece.

The Bank of England has estimated its £200bn asset purchase program has raised inflation by as much as 1.5%.

GAM's top performing £1.5bn GAM Star China Equity fund has been re-opened to investors less than a year after the group soft-closed it.

Fitch Ratings has joined up with Lipper to launch a fund rating service which combines Fitch's qualitative fund analysis with Lipper's rankings and performance data.

GREECE DEFAULTS BUT STAYS IN EURO

Ratings agency Moody's has extended its review of Italy's Aa2 credit rating by a further 30 days as it assesses the country's financial position.

Alliance Trust has reported a total shareholder return of 3.1% for the six months to the end of July, even as revenue and pre-tax profits dipped sharply.

The FTSE 100 sold off sharply in early trading alongside indices across Europe as fears over a break-up of the region swept across markets once again.