News

AXA Investment Management is planning to reopen its onshore £535m US Short Duration High Yield fund, after removing the cap on the £4.1bn offshore version of the fund.

Henderson chief economist Simon Ward has said the sharp fall in gilt yields does not indicate the UK is headed for a Japan-style deflationary environment.

Spain has put in place a public sector borrowing cap in an effort to tackle its debt burden, following calls from peers in Europe to take action.

Former Invesco gilt specialist Jack Loudoun has joined Deutsche Asset Management's London-based fixed income team.

Global markets are continuing to trade in positive territory, building on yesterday's gains, with investors eyeing up value in depressed banking stocks which have been heavily sold off.

Deven Sharma, the man who oversaw the downgrade of the US' credit rating earlier this month, is stepping down as president of Standard & Poor's.

The largest investment trust to enter the market this year, the $507m Neuberger Berman Global Floating Rate Income fund, is proposing to raise additional capital through a ‘c' share issue.

Gold soared above $1,900 for the first time overnight as investors continue to flock to the precious metal amid ongoing turmoil in financial markets.

Global markets have made an encouraging start to the week, with the US opening up sharply, following in the footsteps of the FTSE 100.

Standard Life Investments is looking to combine its global equity and small cap capabilities by launching a global small-cap fund for star manager Harry Nimmo.