UK

Bonds continue to dominate UK net retail sales although equity funds are starting to gain ground, according to IMA sales figures for July.

The ABI will create a new investment sector called Deposit & Treasury, which will have stricter limits than the existing money market category.

Consumer confidence in the savings market is up to its highest level since June 2008 but many are still not saving, according to Nationwide.

Fund Manager Presentation

Aviva Investors has recruited Artemis UK hedge fund manager John Wood to run its UK Growth portfolio.

Aberdeen has completed the final closing on its Credit Suisse acquisition, creating a £133.1bn asset manager.

Derek Stuart is realigning his portfolio defensively, predicting a flattening out of the surge in stock prices which has driven equity markets in recent months.

Aberdeen looks set to sell the Credit Suisse income fund range to LV= Asset Management, with Graham Ashby and the team to join the group.

Rathbones has received FSA approval to launch a recovery fund from the merger of its Special Situations and Smaller Companies vehicles.