Global

Much of the bad news appears to be at the very least priced in to European equity valuations, with volatility measures already at extremes, according to Invesco Perpetual's Jeff Taylor.

Baillie Gifford is bringing a Greater China fund to the UK retail market on 19 November as part of a renewed focus on single country and regional strategies.

Smith & Williamson has hired Mark Pignatelli to run the European Growth Trust as the first stage in a plan to expand and push the group's profile in the retail fund market.

A default of Russian sovereign debt obligations remains highly unlikely despite the region's vulnerabilities, according to Emin Rasulov, a portfolio manager at Legg Mason affiliate Batterymarch.

Emerging markets will outperform in the long term but investors need not rush into them as volatility will continue in the near term, according leading asset managers.

A third of global stock yields are reaching figures of over 5pc, with half of these outside of the banking sector, according to Legg Mason's Paul Ehrlichman.

Skandia Investment Group (SIG) has launched seven single strategy funds into the UK, including two funds covering the technology and healthcare sectors.

The presidential election will have a marked impact on US investments, while fear, turbulence and instability present good buying opportunities, according to fund managers interviewed by the Association of Investment Companies (AIC).

Fund managers have stressed their joint conviction that fundamentals for investing in India remain intact, despite inflationary pressures and stock market volatility.

The mood amongst US fund managers is one of continued low confidence and widespread uncertainty, according to Glenn Meyer, head of asset allocation and director of fund research at S&P Fund Services.