Economics / Markets

SAM Morse will become the new manager on the £450m Fidelity MoneyBuilder Growth fund from December 1.

A NEW research programme that enables IFAs to give their views on industry issues has been launched by AEGON.

A NEW dawn is on the horizon for Chinese stocks, according to ABN Amro Asset Management.

DISCRETIONARY fund manager Morgan Stanley Quilter is believed to have been put up for sale with its owner Morgan Stanley seeking around £210m for the business.

FUND managers are becoming increasingly wary of Asian stocks as evidence mounts of a global economic slowdown, according to IMS Chief Investment Officer Giles Gilberston.

ANALYSTS have given mixed messages about the state of the US economy and whether the nation's equities are poised for fresh highs or further lows.

RICHARD Colwell, the latest Credit Suisse fund manager to leave the firm, is to take up the newly-created position of high alpha UK equity fund manager at Morley.

The FTSE 100 Index picked up pace this afternoon to close just 5 points, or 0.01%, lower at 6,239 points, with Scottish Power the best performer.

Standard Life sales and the outcome of the US mid-term elections are dragging the FTSE 100 index down this morning.

Retail therapy was the order of the day on the FTSE 100 index by the end of Tuesday, superseding the strong gains felt earlier for commodity and oil stocks along with losses at Yell.