Global

Aberdeen CEO Martin Gilbert has raised the prospect of closing the group's Asia Pacific equity funds in the near future after admitting it "cannot cope" with soaring inflows.

Fidelity has added a new product to its emerging market (EM) debt fund range, taking its total number of products to four.

City endeavour purpose of their expedition is to raise awareness and money for service personnel who have been injured and are no longer able to continue working for the armed forces. The funds the team raise will help these individuals re-train for a...

FIVE THINGS

Aberdeen Asset Management is to raise the initial charge on a number of emerging markets funds to 2% in order to stem inflows and avoid liquidity issues.

European leaders are set to announce a long-term deal that would see the EU budget cut, in real terms, for the first time since the European Union was created.

IMPROVED ECONOMIC DATA WILL DRAW IN INVESTORS

Strong inflows into Aberdeen Asset Management's emerging market debt range have helped drive a 3% rise in the group's AUM in the three months to 31 December 2012.

Invesco Perpetual global equity income managers Paul Boyne (pictured) and Doug McGraw have left the group to take up new roles at a North American firm.

Fidelity's Anthony Bolton has predicted a turnaround in China next year as the economic cycle shifts in the country's favour.