News

The board of the Premier Energy & Water investment trust has elected to extend the vehicle's life beyond its original 31 December 2010 wind-up date.

Corporate bonds remain popular with investors according to FundsNetwork, despite IMA figures showing net retail outflows for the sector of £11.8m in October.

Stephen Message has assumed control of the £37m Old Mutual Equity Income and £25m Extra Income funds with immediate effect, replacing Michael Gifford.

Fidelity European fund manager Tim McCarron will depart the group early next year to take time away from the industry.

BlackRock has completed its merger with Barclays Global Investors.

A sharp 1% rise for the Dow Jones in early trading has extended gains for the FTSE 100 this afternoon, as fears over Dubai debt exposures continued to wane.

Property was the top selling net retail sector for the first time in over two years in October, as Corporate Bonds slumped to a net outflow.

GAM has launched a Ucits III emerging market debt and currency fund, managed by Pharo Global Advisors.

London's leading shares have started the day positively as investors shake off concerns surrounding the fallout from Dubai.

Skandia Investment Group has awarded a further £150m mandate to Schroders' Richard Buxton.