Fidelity

Leading investment firms have told US regulators that the departure of Bill Gross from PIMCO was a "stress test" that the industry has passed.

Fidelity Asian Values manager John Lo has stepped back from running the trust after a 13-year spell in charge, to be replaced by Nitin Bajaj.

The outlook for dividend growth in the UK remains positive, underpinned by relatively low payout ratios, strong corporate balance sheets, and a steady economic recovery, which should support UK equities over the coming months.

Fund managers reveal currency plays

Fidelity has proposed an overhaul of conventional methods of comparing tracker funds' performance, saying simply looking at tracking errors can produce 'illusory' results.

Fidelity UK Personal Investing head Mark Till has left the company after three years in the role, Investment Week can reveal.

"Yes, I am a millionaire," a fund manager told me recently. He wasn't boasting, he wasn't showing off, and he is hardly what you would call the unacceptable face of capitalism.

My top three undervalued income stocks

Lloyds Banking Group is finally beginning to look attractive again for income managers as it restarts dividend payments for the first time since the crisis.

Fidelity's Leigh Himsworth is investing in wealth management companies as a key theme within his UK Opportunities fund, in the hope M&A and pension reforms will boost the sector.