HSBC has launched an ETF tracking the Brazilian stock market.

Meteor Asset Management is marketing Prima Platinum plan 6, which offers a potential 13% growth per annum.

The FTSE 100 edged higher in early morning trading, up 0.31% or 15.80 points to 5,148.74.

Blue Sky Asset Management has agreed to a takeover by US investment bank Incapital, in a move to expand its structured product offering.

The IMA reverted back to a single UK Equity Income sector on 1 July.

Developed countries cannot rely on emerging markets to bring global growth back to pre-credit crunch levels, says PIMCO's Bill Gross.

Former Société Générale investment bank head Jean-Pierre Mustier has been fined €100,000 (£81,950) by France's AMF financial regulator over insider trading as the financial crisis began.

BP has returned to banks seeking additional short-term loans to help tackle its growing liabilities following the Gulf of Mexico oil spill.

Net retail fund sales fell below £1bn for the first time in 18 months in May as the Euro area crisis hit investor sentiment, IMA data shows.

Threadneedle absolute return and currency managers Peter Allwright and Stuart Frost are to join RWC as the firm continues its recruitment drive.