Pimco's Bill Gross, manager of the world's largest bond fund, says quantitative easing has called an end to the 30-year bull market in bonds and labels current monetary policy as a ‘Ponzi scheme'.

The launch of the M&G Inflation Linked Corporate Bond fund is already making waves in the fixed income markets, as potential issuers approach the group with plans to enter the space.

Asian insurer AIA raised $17.8bn in its long-awaited IPO this morning, valuing the group at $30.5bn.

Jupiter financials specialists Guy de Blonay and Philip Gibbs have placed an order for shares in the giant AIA share offering.

DO NOT IGNORE QUALITY

Henderson recorded a £300m net inflow into its retail fund range in Q3, including £100m into its UK domiciled products.

Bank shares in the US dived overnight after a group of investors united to try force Bank of America to repurchase soured mortgages packaged into $47bn of bonds.

Pimco's Mike Amey believes Chancellor George Osborne must stick to his reduction plans outlined in the Budget despite fears the cuts could derail UK growth.

The manager of an AIM-listed China trust - which is held by Fidelity's Anthony Bolton, Baillie Gifford and Henderson - is under investigation by the US regulator.

AIG is set to press ahead with the IPO of its Asian arm AIA, which is likely to value the group at a lower price than the renegotiated offer it rejected from UK insurer Prudential.