News

Schroders' head of US large-cap equities Jonathan Armitage is leaving the firm after almost two decades to return to Australia.

Aberdeen is preparing to launch the first UK-listed emerging markets smaller companies investment trust in June.

Bank of England governor Mervyn King has warned the extended holiday to celebrate the royal wedding last month will hurt GDP growth.

AllianceBernstein has unveiled a European Flexible Equity fund, a UCITS III absolute return strategy designed to adapt its exposure in accordance with the market environment.

M&G Investments has reported a fall in inflows of 11% in the first quarter of 2011.

Consumer prices inflation in China eased to 5.3% in April, down from a three-year high of 5.4% recorded the previous month.

Pressure from cheap passive investment products will put pressure on active managers to justify the fees they charge, said Jupiter's Edward Bonham Carter.

Rathbone Unit Trust Management saw net inflows in the first quarter of 2011, reversing a recent trend of withdrawals and helping boost funds under management to £1.06bn.

Standard Life Investments has launched a fixed income version of its £7.3bn Global Absolute Return Strategies (GARS) fund, managed by the same team.

Speculation the Bank of England will lower its economic growth forecasts has caused the pound to slump in afternoon trading.