News

Schroders has converted its Diversified Target Return fund into a third low cost fund, Schroder Dynamic Multi-Asset.

The oil price fell by $6 after the International Energy Agency (IEA) said it would make available an extra 60m barrels.

IS THERE A NEW DOTCOM BUBBLE?

Ex-New Star and Henderson fixed income specialist James Gledhill has joined AXA Investment Managers, as three staff leave the firm.

Oriel Securities has highlighted the top equity based investment trusts yielding more than the FTSE 100, FTSE 250 and Small Cap.

Vanguard has launched the LifeStrategy range, a suite of five fund of index funds with low annual management charges.

The FTSE 100 was down more than 1.3% in early afternoon trading as weak data from China and ongoing fears for the US economy hit risk assets.

Clive Burstow, a former analyst at Cazenove, has rejoined the group to work on its Global Resources fund.

The FTSE has opened in negative territory after a gloomy assessment of the US economy pushed European shares lower.

Deputy Prime Minister Nick Clegg has backed proposals to give the public shares in part-nationalised banks RBS and Lloyds.