News

The National Employment Savings Trust has appointed State Street Global Advisors, UBS Global Asset Management, and BlackRock to run five mandates for its default fund.

Dalton Strategic Partnership has introduced a sterling hedged share class to the Melchior Japan Advantage fund on an uncertain outlook for the yen.

Neptune's head of US equities Felix Wintle has boosted the energy position in his £667m US Opportunities fund from underweight to overweight since the end of last year.

River & Mercantile has decided to close its £3m UK Equity vehicle to retail investors due to a lack of demand.

Sherborne Investors has won its fight to oust members of F&C's board, receiving a majority vote at a general meeting held today.

Sterling rose to a fresh three-month high versus the dollar this morning after UK services data came in above expectations.

IFAs think Global Emerging Markets will be the top performing IMA sector in 2011 - a year which will see equities trump bonds.

London's leading share index fell below 6,000 points in early morning trading, dragged down by a flat finish in US markets and continuing turmoil in Egypt.

The Bank of England may have to put up interest rates if the commodity price boom continues, deputy governor Charles Bean warns.

PIMCO's co-CIO Bill Gross has hit out at US policymakers for introducing "devilish policy tools" to rebalance US debt, effectively "robbing savers."