News

Hargreaves Lansdown has added the Cazenove Absolute UK Dynamic fund to its Wealth 150 list.

The Dow Jones made marginal gains in early trading on Wednesday after the number of new homes purchased jumped more than forecast in July.

The ABI will create a new investment sector called Deposit & Treasury, which will carry stricter limits than the existing money market category.

Higher exposure to cyclical industries gives Europe the investment edge over the US, according to BlackRock Global Equity fund manager Andrew Williamson-Jones.

The FTSE has made marginal losses in early trading, weighed down by disappointing company results despite a rally from financial stocks.

Thames River has appointed ex-Fidelity manager Trygve Tøraasen to its European equities team.

The Dow Jones is higher this morning on improving house price data and a rebound in consumer confidence.

Signs of economic recovery will create an attractive investment environment for high yield corporate bonds, Henderson New Star's James Gledhill says.

Investec Sterling Bond manager and co-head of fixed income John Stopford believes BBB-rated credit is currently the most attractive area of the bond market in risk/return terms.

The pound fell to an 11-week low of €1.1461 yesterday despite bullish global equity markets.