News

The Dow Jones has made a modest ascent this morning, with a good start for financials offsetting poor unemployment data.

Simon Lue-Fong, manager of Pictet's Emerging Local Currency Debt fund, has reduced his long duration bias in preparation for the end of emerging market bank's rate cutting cycle.

The FTSE 100 has bounced back over 4,700 for the first time since opening this week, with mining stocks at the forefront of today's strong gains.

Investors are continuing to look East for current equity opportunities, with a number of Asia-focused funds among the top sellers on Fidelity FundsNetwork in July.

Arbuthnot Banking Group is unveiling its structured products arm on 10 September, with the launch of an income product.

Veritas Asset Management's Global Equity Income fund has recorded a near £100m net inflow so far this year.

Corporate bond funds saw a resurgence in popularity following a two-month dip in demand, accounting for a third of net sales on the Cofunds platform in July.

Aviva Investors has recruited Artemis UK hedge fund manager John Wood to run its UK Growth portfolio.

F&C has reintroduced AXA Framlington Equity Income to its multi-manager Cautious and Distribution portfolios.

Mervyn King was outvoted by fellow policymakers in his attempts to pump even more money into the economy this month.