News

We round-up industry reaction to the Federal Reserve's announcement it will pump a further $600bn of stimulus into the US economy.

The Bank of England today rejected a fresh bout of quantitative easing and kept interest rates on hold for the 20th consecutive month.

Global Bond was the top selling retail sector in September with inflows pushing the category to its best ever quarterly showing in Q3.

Chancellor George Osborne has announced the 2011 Budget will be held on 23 March.

Skandia UK has posted a near 140% surge in sales during the first nine months of the year as RDR drives demand for its SIS platform.

The FTSE hit a seven-month high in early trading today following the Federal Reserve's decision to pump $600bn into the US economy.

Investors in the F&C Multi-Manager Distribution fund could see their income payouts increase if they agree to merge with the equivalent Thames River vehicle, led by Rob Burdett and Gary Potter.

The Federal Reserve will pump $600bn (£373bn) into the US economy by the end of June next year to try and boost the fragile recovery.

Morningstar and OBSR have harmonised ratings for 32 funds where there was a discrepancy between the two agencies.

BlackRock Corporate Bond fund manager Daniel McKernan is leaving the company.