News

The FTSE climbed 0.72% in early trading to 5255.18 bolstered by strong performances from big names.

HSBC is considering launching a global fund of passive funds as a low cost alternative to its actively-managed vehicle.

A report out today from Morgan Stanley forecasting harsh dividend cuts by European banks has left equity income managers largely unfazed as many have already reduced exposure to the sector.

Gartmore has appointed Richard Turner as account director on its UK retail distribution team.

OBSR has suspended its 'A' rating for Aviva Investors' $1.9bn Global Convertibles fund following the news manager Tom Wills is leaving.

The IMA has changed its Global Emerging Markets sector definition, which will now be based on FTSE or MSCI GEMs indices rather than World Bank definitions.

The FTSE fell in early trading, dragged down by negative market sentiment towards resources firms.

Thames River Capital is launching a Ucits-compliant European Real Estate Equities fund for the end of March.

Standard & Poor's has threatened to cut Japan's government debt rating amid concerns the Government is failing to fix the nation's finances fast enough.

Vanguard has reached £500m in assets under management since launching in the UK just seven months ago.