ASIAN CHALLENGES

Hugh Young, managing director of Aberdeen Asset Management Asia, discusses inflation, the end of QE2, the problem with China equities and reveals his favourite markets in the region

The manager of the £41m Marlborough UK Leading Companies fund has taken small-cap exposure to its highest level since 2007, attracted by growth prospects and exposure to emerging markets.

Shareholders in F&C's multi-manager funds have voted to merge with the Thames River Multi-Capital range run by Rob Burdett and Gary Potter.

Skandia has bought a £19m stake in the Liontrust Credit Absolute Return fund, spreading the investment across a number of portfolios.

The board of the Lowland investment trust, run by Henderson's James Henderson, has introduced a performance fee on the vehicle.

The FTSE 100 has fallen 1.2% this afternoon as eurozone debt fears and reports of hostilities between North and South Korea continued to dent investor sentiment.

The US economy grew at 2.5% in the third quarter, a faster rate than previously estimated.

The IMA has created a new China/Greater China sector and redefined its Global Growth category.

The FTSE 100 fell almost 1% this afternoon, reversing early morning gains, due to rising political uncertainty in Ireland.