News

US investors sheltering in cash as politicians grapple with the debt crisis are set to reinvest during a short-term correction they said could see equities sell off as much as 10%.

GAM has expanded its range with the launch of a UCITS III emerging market equities fund.

Ex-Henderson manager Trevor Green has revamped the £128m Aviva Investors UK Focus fund since he took it over from Mervyn Douglas in May this year.

The UK dividend market is emerging from the recession faster and stronger than expected, after a week in which many companies reported dividend increases of over 100% and many returned to the register.

Invesco Perpetual remains positive on the prospects for the Spanish economy despite Moody's hinting it may downgrade the nation's credit rating this morning.

Fidelity's Anthony Bolton has said he expects changes to US listings regulations following concerns over reverse-takeovers and admitted market conditions in China have surprised him.

US GDP growth for Q2 has fallen short of analysts' expectations at 1.3%, while the Q1 figure has been sharply revised down from 1.9% to 0.4%.

Inflation in the eurozone dropped 0.2% to 2.5% in July, surprising analysts who had expected the figure to remain unchanged.

The platform policy paper will be published on Monday, the FSA said today.

Diane Sobin has joined Threadneedle as a fund manager on the US equity desk, following the departure of Andrew Holliman to Polar Capital in May.