The announcement by Stewart Investors that Angus Tulloch and Jonathan Asante are stepping down from a number of funds will have unsettled investors, perhaps far more than any other high profile manager moves of the past.
Emerging markets funds have been hit by the biggest level of outflows in seven years, as issues including MSCI stalling on adding Chinese A-shares to its benchmarks weighed on sentiment.
Schroders has expanded its range with the launch of an emerging markets multi-asset income fund.
Wealth manager and platform Hargreaves Lansdown has raised £94m for the latest addition to its multi-manager range, an Asia and emerging markets fund.
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Swiss asset manager Unigestion is expanding its presence in the UK to retail and intermediary clients by launching an RDR-compliant share class on a range of funds.