News

Baillie Gifford is to cut the AMC on its Greater China fund to bring it in line with the firm's other equity products.

South African banking group Investec will join the ranks of the largest companies in the London market when it replaces Resolution in the FTSE 100.

Aegon has cut the AMC on its newly-launched Global Opportunities fund for the first €150m under management.

Hargreaves Lansdown has dropped Martin Currie's Global Alpha fund from its Wealth 150 list, citing lagging relative performance and poor stock selection.

Henderson has noted renewed investor interest in its Global Technology fund despite acknowledging lingering scars of the tech bubble.

Legal & General Investment Management's Georgina Taylor believes 2010 will be a far tougher year for UK equities compared with 2009.

Greek debt will remain volatile until Athens takes financial support from the EU or IMF, according to Stephen Drew.

Baker Steel Capital Management is to rename and list its Genus Capital natural resources fund in London next month.

Standard Life Investments has reported a 67% increase in net third party sales in 2009, with more than 80% coming from outside the UK.

The FTSE 100 was up 11 this morning at 5,613 points, with financials peppering both sides of the gainers and losers tables.