Fixed Income

Yields on UK government debt were climbing early this morning following Moody's decision to downgrade the UK's credit rating to Aa1, but equity investors shrugged off the news to send markets higher.

HIGH YIELD

CHINA

TEN TO DROP

Aberdeen has hit the acquisition trail with two new deals, agreeing to buy US asset manager Artio Global Investors and taking a majority stake in private equity fund of funds business SVG.

CUT DOWN

CLEAN

Mirabaud Asset Management has launched a high yield bond product for its latest recruit Andrew Lake, who joined the group from Aviva Investors at the start of the year.

The start of 2013 has brought some New Year cheer to equity investors, with the FTSE 100 recording its best January since 1989.

The FTSE 100 rose 6.43%, or almost 380 points, in January, making this the strongest start to the year since 1989.