Equities

UK income managers may be set for a huge boost if Vodafone agrees to sell its 45% stake in Verizon Wireless, but any deal could create longer-term problems for the UK dividend market.

UK

Baring Asset Management has appointed James Ross to the newly created London-based role of director of investment process.

EQUITIES

PA PORTFOLIO

The European mutual fund industry shrunk by 1.3% in the second quarter, with a net decrease of more than 400 funds, as the number of mergers and closures began to accelerate again.

TOP PERFORMERS

Insurer Zurich UK has reported a drop in income from its private client business following the ban on commission introduced as a result of the Retail Distribution Review (RDR).

Henderson Global Investors is preparing to merge away three portfolios as it continues to streamline its fund range.

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