Global

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.

The US authorities have made historic and outstanding efforts to bring the crisis in the financial system under control, according to Cory Gilchrist of Marsico Capital management.

Skandia Investment Group (SIG) is planning to launch five new US funds into the UK, providing advisers with one of the most comprehensive fund offerings for the US market.

Emerging markets have been badly hit by the global financial crisis, despite them not having the deleveraging problems of the developed world, according to Schroders' Allan Conway.

Europe is capable of bottoming much earlier in the economic cycle than in previous recessions and the worst of the damage to equity valuations may have already occurred, according to BlackRock's Alister Hibbert.

Japan looks set to slip into a mild recession, though the root of this will be exporters rather than domestic firms, according to Simon Somerville, manager of Jupiter Japan Income fund.