Threadneedle European equity managers believe the region's market recovery should gather pace in the autumn as companies continue to make the cost cutting needed to negotiate through the downturn.

Investors in US equity markets are likely to become more positive about the region's chances of a recovery following the release of "positive economic news" in coming months, says Bob Doll.

Invesco Perpetual's Samantha Ho is ready to take profits on holdings in her Hong Kong & China fund in the coming months, expecting the region to see some short-term volatility.

Invesco Perpetual's Neil Woodford believes the UK economy will not see any recovery for the next three to four years and the ‘green shoots' are starting to look illusory.

Pictet has launched its US Equity Value Selection fund.

Russell Investments, which runs several of Swip's multi-manager funds, is bringing its first UK-domiciled Oeics to market this year.

Legg Mason is launching its Global Blue Chip Bond vehicle to be managed by its affiliate Western Asset Management.

Henderson Group has retained a better than expected 77% of New Star fund assets but warned first half profits will be half the level of a year ago.

Neptune Investment Management's Shelley Kuhn is leaving the company, prompting a shake up of the group's managers.

The Dow Jones climbed strongly on opening today, following an impressive showing from the FTSE 100.