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Asia
Aberdeen’s lack of China boosts income trust in 2010
Aberdeen Asian Income trust’s natural aversion to the region’s export-intensive counties such as Korea and China has boosted performance for the first half of 2010.
America
EU growth surpasses America’s
EU growth in the second quarter surpassed America’s, according to Eurostat figures published today.
Bonds
Omam hires new manager for Dynamic Bond fund
Old Mutual Asset Managers (Omam) has appointed Christine Johnson to manage its £30m Dynamic Bond fund.
Britain
FSA reveals extent of firms' failings in platform review
The Financial Services Authority (FSA) has revealed that every firm it visited as part of its platform thematic review did not have the appropriate systems and controls in place.
Emerging
Alquity launches African SRI fund
Alquity Investment Management has launched a sterling share class for its Alquity Africa fund, an open-ended Ucits III fund spanning nine countries and 12 sectors.
Eurozone
Agreement over new European financial watchdogs
The European Union (EU) has reached an agreement on reforms in the financial sector with the creation of a European Systemic Risk Council and three new watchdogs covering banking, insurance and securities markets.
Global
Bloxham aims to exploit trend-following weaknesses
Bloxham’s new Global Absolute Return fund aims to exploit the weaknesses of pure trend-following quant funds over the financial crisis, according to its manager.
Japan
BlackRock tweaks and closes funds
BlackRock is tweaking its High Income fund and closing its Japan fund in a review of its retail range.
