Australia

Australian, Norwegian and Canadian government bonds are the new safe haven for bond investors, Ariel Bezalel, manager of Jupiter's £418m Strategic Bond fund, has said.

LM Investment Management has launched a Luxembourg domiciled version of its Australian Income fund.

Australian group LM Investment Management has entered the UK market with the launch of its first structured product offering exposure to Australia's benchmark equity index.

Australia and India have both raised interest rates by 0.25% on escalating inflation fears.

The Singapore stock exchange is planning a £5.3bn takeover of its Australian counterpart in a deal which would create the world's fifth largest listed bourse.

ON SPECIALIST MARKETS

Investec Asset Management, which runs more than $5.3bn in active currency funds, is retaining its short position on the Australian dollar as the country faces its first hung parliament since the Second World War.

Schroders' Matthew Dobbs has taken his fund's Singapore weighting from 10% to 20% since May, as prices have become more attractive.

AGRICULTURE

Majedie Asset Management's Adam Parker is standing by a weighting in miners almost double the FTSE All Share despite Australia's proposed supertax on miners' profits hitting the sector.