ARE REGULATORS RIGHT TO BE CONCERNED WITH ETFs?

Gold has risen to hit a record $1,498.90 an ounce, with demand fuelled by a declining dollar and concerns following S&P's outlook downgrade for the US.

Exchange-traded product issuer Source has launched three physical precious metal ETCs on the London Stock Exchange.

London's leading share index edged up this morning while other global markets were cautious on fears China will hike interest rates to stem soaring inflation.

Stephen Snowden will take on the co-management of Aegon's Investment Grade Bond and the Dublin-domiciled Investment Grade Global Bond funds when he returns to the firm in July.

MAM Funds has moved back into the black, reporting after-tax profit of £400,000 for 2010, compared to a £7m loss in 2009.

Liverpool Victoria is poised to sell its investment arm LV= Asset Management, according to reports.

Gartmore's former fund managers Roger Guy and Guillaume Rambourg are returning to fund management with the launch of a hedge fund, according to reports.

iShares has unveiled its inaugural range of precious metals ETCs on the London Stock Exchange, offering UK investors exposure to the performance of physical commodities.

The iShares MSCI Japan index ETF fell 0.6% in midday trading, after Japan was hit by a second earthquake with a magnitude of 7.4, prompting another tsunami warning.