News

London trading got off to a positive start after the FTSE 100 rose above the psychologically important 5,000 points barrier yesterday.

Henderson New Star will launch its European Special Situations fund for Richard Pease on 1 October.

Gilliat Financial Solutions has unveiled its first structured product, a monthly income plan offering investors exposure to a choice of three different asset classes.

The FTSE 100 broke through 5,000 this afternoon for the first time since October last year.

Advisers have continued to recommend Cautious Managed funds, with the sector taking second place on Cofunds' best seller list for August.

The FTSE has opened lower upon investors' concerns the index has out-paced the recovery as it hit an 11 month high yesterday.

Invesco Perpetual plans to launch a new total return split-cap investment trust, Investment Week understands.

SEI, the investment solutions provider, has appointed former Maia Capital founder Jason Collins as its head of UK and European equities.

Absolute Return funds appear to have come of age with the sector among the best sellers via Hargreaves Lansdown's direct to investors fund supermarket Vantage in August.

Two of America's most noted financial commentators have argued the recovery of the US economy is not a given, despite the recent uptick in sentiment.