News

Franklin Templeton has today completed its £45m cash purchase of Rensburg Fund Management from Investec.

Jupiter saw its assets under management climb 9% to £24bn in the fourth quarter, with net inflows of £772m beating analysts' expectations.

Schroders' Richard Buxton believes interest rates will remain on hold in 2011, despite a record jump in inflation.

Stuart Rhodes, the manager of the £633m M&G Global Dividend fund, and investment specialist Kotaro Miyata, discuss the prospects for sustainable dividend growth across global markets.

RCM, a subsidiary of Allianz Global Investors, has appointed Andres Allende as an Asian specialist in its global emerging markets team.

Bond sales have hit record levels in US markets in the first two weeks of the year, with about $67bn (£42bn) of new bonds sold, according to Thomson Reuters.

Old Mutual Asset Managers is to merge its two income funds run by Stephen Message, subject to FSA and shareholder approval.

The managers of Cazenove's newly launched Diversity Income fund have warned they may prioritise downside capital protection during volatile markets, meaning they could miss their 4% yield target.

Inflation edged closer towards 4% in December as the rising cost of food and oil products continued to hit the price of goods and services.

London's leading share index has opened up 0.64% at 6023.84, recovering from a sluggish end yesterday, buoyed by a strong performance from banks in Asia.