First State's Asia Pacific and global emerging markets team, led by Angus Tulloch, says the China consumer demand story has been "flogged to death."

F&C has seen pre-tax profits double for the first half of the year, though it suffered a £2.5bn drop in assets under management.

T. Bailey has promoted assistant manager Elliot Farley to head up its £36m Cautious Managed fund.

The board of the £198m M&G Equity investment trust has outlined the options for investors ahead of its wind-up date in March 2011.

Pimco's Bill Gross says there will be no housing-led recovery in the US without Government support.

Blue-chip stocks listed in the developed world could soon become a strategic part of emerging market portfolios, according to managers.

Pictet Funds is launching an environmental fund based on its thematic approach to investing.

Baillie Gifford's Gerald Smith has sold his stake in the group's Pacific fund, preferring to invest directly in China.

The FTSE 100 opened up 0.18% or 9.37 points to 5,204.65 boosted by bid activity in the financial sector.

Baillie Gifford's head of emerging markets Richard Sneller has assumed control of the Pacific fund following a reshuffle at the group.