J.P. Morgan Asset Management (JPMAM)'s Tony Lanning has bought into a resources ETF across his multi-manager range, after exhausting the search for an active alternative.
Janet Yellen will be nominated as the first female Federal Reserve chairman later today, in a ceremony attended by Barack Obama and current chair Ben Bernanke.
Multi-asset managers are raising cash levels and adding to government bonds as fears over the US economy spook investors.
A surprise delay in the US Federal Reserve's plans to wind down its QE programme may continue into 2014, fund managers have suggested.
Markets across Asia started the week brightly as traders bet the withdrawal of Fed chair candidate Larry Summers' could slow the US' curtailment of quantitative easing.