News

The Dow Jones was rapidly approaching a 2% drop in early trading on Monday on fears the recent rally may have been overdone.

Liontrust has handed Skandia sole distribution rights to its recently-launched European Absolute Return fund in the UK.

Matterley Asset Management has joined Charles Stanley as the recently-launched boutique looks to continue its expansion plans.

The flow of multi-asset launches to the retail market looks set to continue in coming months, with Swip, Franklin Templeton and Julius Baer outlining plans for new strategies.

PSigma's Bill Mott has unveiled initial plans to revamp his four Aberdeen funds, as the manager re-unites with his former Credit Suisse income mandates.

London's blue-chip index has suffered a poor start to the week after sharp stock falls in Asia today, with property groups and miners among the early decliners.

Standard Life Investments is launching a UK commercial property trust into the retail market, Investment Week understands.

The Dow Jones has fallen for the first time in three days as Consumer Price Index figures show the Fed's $1trn injection into the banking system has not led to faster inflation.

Profitability at the UK's major banks over the next three years may be sufficient to cover impairment charges and even allow for some addition to capital, effectively ruling out any future need for Government bail-outs, Henderson's Simon Ward says.

Morgan Stanley is predicting a "slow but sustainable" economic recovery in the US, and forecasts 2.6% GDP growth by next year.