News

Alliance Trust's Rod Davidson has launched his new Monthly Income Bond fund with the credit allocation in defensive names.

Gartmore head of multi-management Tony Lanning has added the BlackRock European Dynamic fund to his portfolios, reducing his long-term underweight in the region.

The European corporate credit market is returning to pre-crisis levels, despite the concern surrounding sovereign debt markets in the region, according to Steven Blakey, the CEO at London-based European Credit Management (ECM).

Anthony Bolton's Fidelity China Special Situations trust has issued a further 11 million shares, primarily to assist trackers wishing to buy the vehicle following its admission to the FTSE 250.

F&C is launching its first open-ended real estate fund as it faces losing the mandate for its £617m F&C Commercial Property trust (FCPT).

Shareholders in the £124m Martin Currie Pacific trust have voted for the company to continue for another five years.

The US Congress is finally close to completing the largest policy reform of the financial sector since the 1930s.

Peter Hicks, head of UK retail sales at Fidelity International, has been promoted to product director, UK equities, effective from 1 August.

Embattled oil major BP has seen its share price dive below 300p, hitting a 14-year low, as the escalating cost of the Gulf of Mexico oil spill hit $2.3bn (£1.57bn).

Gam is planning to launch its environmental fund in October, marking the group's first foray into single manager environmental investing.