Liontrust has handed Skandia sole distribution rights to its recently-launched European Absolute Return fund in the UK.

The flow of multi-asset launches to the retail market looks set to continue in coming months, with Swip, Franklin Templeton and Julius Baer outlining plans for new strategies.

PSigma's Bill Mott has unveiled initial plans to revamp his four Aberdeen funds, as the manager re-unites with his former Credit Suisse income mandates.

Standard Life Investments is launching a UK commercial property trust into the retail market, Investment Week understands.

The Dow Jones is seeing upward movement as investors await the Fed's interest rate decision due later today.

Skandia Investment Group has awarded Cazenove a second mandate in its UK Strategic Best Ideas fund.

Lloyds' decision to sell Insight Investment to the Bank of New York Mellon for £235m and bring the rest of its asset management business under Swip saw its share price fall 0.3% to 90.72p in early trading today.

BlackRock CIO Bob Doll believes the S&P 500 could reach 1,250 during this cyclical bull market, but he expects the markets to face a near-term correction.

The Dow Jones has tumbled in early trading, down 0.65% on the back of data showing US companies cut more jobs last month than economists estimated.

Lloyds Banking Group is supporting the flagging FTSE on the back of better-than-expected results, having posted a six-month loss of $4bn, £1bn lower than many analysts had forecast.