The US Nasdaq index has closed above its dotcom boom record for the first time in 15 years.

FE Trustnet has revealed the groups and funds topping its passive ratings chart as its ETF and tracker comparison service goes live.

Investment data and research firm FE Trustnet is to launch a passive funds ratings system for retail investors, ranking ETFs and index trackers alongside each other for the first time.

Close Brothers Asset Management has acquired independent financial planning business Mackay Stewart & Brown.

Ashmore has seen further outflows during the first quarter of the year, as investors continued to take money out of emerging market products.

Foreigner investors have been selling UK gilts at a faster rate than at the peak of the financial crisis in 2009, ahead of the general election.

Veteran investor Warren Buffett has said a Greek exit from the eurozone could be constructive for the region.

A Bank of England official has said asset managers, insurers and clearing houses in UK should be subject to the same stress tests faced by banks.

The FTSE 100 index fell sharply on Tuesday in its worst day of 2015 so far, as energy stocks plummeted on the back of further falls in the oil price.

Alliance Trust has cut the ongoing charges figure (OCF) across portfolios by 20% as part of its focus on cost-cutting.