News

AXA Investment Managers is adding a retail share class to its AXA Framlington UK Mid Cap fund at the end of Q2.

Anthony Nutt has almost halved the number of holdings in his £2.5bn Jupiter Income trust since 2007.

China's property bubble is set to burst this year, triggering a 30% fall in values, Aberdeen's Hugh Young said, echoing last week's warning from Anthony Bolton the sector is overheating.

Legal and General multi-manager Alan Thein has boosted his gold exposure in anticipation of a 30% re-rating in the commodity.

Legg Mason's US equity veteran Bill Miller said US large caps have become "an empty stadium" as investors flock to the "overvalued" commodities sector.

Greece will be forced to restructure its sovereign debt in June 2013 when a spate of longer-term notes will need to be rolled over, according to Patrick Armstrong.

MAM Funds' Nick Greenwood has upped arbitrageur plays to 33% in his £35m Miton Worldwide Growth investment trust.

Equity markets in South East Asia are trading at a one-year high, despite rising commodity prices and oil hitting $120 a barrel, said SooHai Lim at Barings.

BlackRock has reported net income of $568m for the first quarter, marking a $145m increase from a year ago.

The UK government borrowed less than expected for the financial year to 1 April, posting a total of £141bn.