Economics / Markets

HEALTHCARE and consumer staples have been labelled defensive sectors in the latest analysis by AXA Investment Managers' strategist, Charles Dautresme.

STEWART Cowley, head of fixed income at Newton, is favouring US long-dated assets because they yield more than their yen-based equivalent by 0.75pc.

HIGHLY publicised trading losses incurred by Amaranth Advisors are not representative of the wider hedge fund industry, according to a new research paper from Killick & Co.

EEA FUND Management celebrated reaching its third birthday by posting top quartile performance figures for its two flagship funds.

STERN report findings warning climate change could shrink the global economy have prompted strong reaction from SRI specialists, with one predicting "massive economic transformation".

NEW Star has revealed proposals to reposition its Diversified Strategic Capital unit trust as an absolute return fund.

MORLEY has unveiled its new-look SRI team, with the appointment of fund manager Derek Lygo to run the SRI Long Short Cell of its Alternative Investment Strategy fund.

BARCLAYS has made two of its income funds available to the retail market having initially launched them to institutional investors.

LINCOLN'S North American Trust has the option of investing up to 30pc of its asset allocation to the Russell 2000 Index.

The FTSE 100 has ended the day up 20.4 points, or 0.33%, to 6,149.6, with miners pushing the index higher despite a poor start from Wall Street.