Henderson

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More than 150 UK domiciled funds - equivalent to 12% of the total universe of funds today - have raised annual management fees over the past decade, a new Lipper study has revealed.

Economists have predicted the MPC will leave the UK's base rate at 0.5% this week, despite mounting speculation it may slash it to 0.25%.

Henderson Global Investors' £519m Bankers Investment Trust has boosted exposure to oil majors, taking the view the sector has been hit too hard in the downturn last month.

Fears over liquidity and sovereign debt contagion mean the threat of nationalisation has spread to leading players in Europe's banking sector.

Henderson's head of fixed income John Pattullo said Europe must print money and recapitalise its banks in order to combat its sovereign debt crisis.

The heavy market sell-off over the past month has pushed preiums in the closed-ended UK income sector to near all-time highs as investors hunt for income, according to analysts.

Fund managers have backed technology poster child Apple to continue to shine despite the departure of charismatic CEO Steve Jobs.

Henderson chief economist Simon Ward has said the sharp fall in gilt yields does not indicate the UK is headed for a Japan-style deflationary environment.

The last few weeks have seen unprecedented market volatility as investors take fright at the ongoing debt crisis in the eurozone and a series of weak economic data from the US.