Word on the Street

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Consolidation of funds seems the order of the day while the FSA seems to be turning its hand to econ...

Consolidation of funds seems the order of the day while the FSA seems to be turning its hand to economic forecasting. Aberdeen is planning to rename Hugh Young’s flagship Far East Emerging Economies fund as part of a raft of planned fund mergers with the DWS portfolios it bought last year while over at Hendersons, the group is revamping its Far East and North American offerings. At the same time the FSA is making noise about consumers having to be cautious over stocks and shares Isas considering the past 18 months of equity market rises. While the FSA is cautioning about equity fund pro...

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