Latest PMI reading however illustrates minor improvement across the industry.
Hang Seng and Nikkei 225 enjoy gains
Global growth revised down by 0.3 percentage points, but the US is still the “teacher’s pet”.
OMGI brings Greater China Equity fund inhouse and hands management to new recruit Diamond Lee.
Uncertainty regarding the timing of interest rate hikes by the US Federal Reserve has convinced F&C’s Paul Niven to move his global high yield position from overweight to neutral.
In a year when attention shifted back towards emerging markets it was India that led the way.
Markets expecting strong US employment numbers update on Friday
Slater joins James Anderson as co-manager.
Japan’s ‘third arrow’ has been put to the bow, with a business tax cut planned to shave 2.51 percentage points off the rate from next year.
JPMorgan Asian investment trust has scrapped its performance fee and has put the management team on final notice after a year of abject returns.
Abenomics crashes on sending the Topix higher and higher to investors’ glee, but an implicit bet on the creditworthiness of Japan accompanies the trade.
Indian funds dominate the list of the top performers of 2014, with nine out of the top 10 all invested in the subcontinent, according to FE.
Revision is not expected to have a material impact on growth this year.
Asian markets rally overnight following the Fed’s latest update
JP Morgan Asset Management has bought the Asia Pacific property business from Aviva Investors.
Shinzo Abe’s Liberal Democratic Party has retained its House of Representatives majority following the recent snap election.
RWC is to launch a Ucits version of an institutional Japanese fund it has run in association with Japan-based Nissay Asset Management since 2005.
Improved macro data coming out of Europe has lead F&C’s head of multi asset Paul Niven to adopt an overweight stance in the region on short-term view.
GDP declined at an even faster pace than expected falling by 0.5 per cent in Q3.
Newton Asian Income manager Jason Pidcock says he is “relatively cautious” on Asia and is holding 7 per cent in cash, a high drag on an income fund.
Moody’s has downgraded Japan one notch to A1 citing doubt about the timing and effectiveness of its monetary stimulus and uncertainty of reducing its deficit.
Japanese core inflation fell to a 13-month low of 0.9 per cent in October with not long to go before a vote on a rise in sales tax.
Old Mutual Global Investors has appointed ex-Ignis Asian equity fund manager Diamond Le as portfolio manager on its Asian equities team.
BoJ members warned last month of the potential costs of further monetary easing.
Jeremy Beckwith was most recently interim chief investment officer at Nutmeg.
Japan has sunk into recession after its economy shrank 0.4 per cent in the third quarter.
The Shanghai-Hong Kong Stock Connect agreement should go live next week, pushing the case for Mainland A shares to be included in MSCI indices.
Billions of pounds of Ucits sales into Asia could be at risk from fund passporting changes in the east.
The $543m (£341.2m) Macau Property Opportunities fund has increased its debt to a quarter of its portfolio and bought a new property despite faltering gaming revenues.
Boutique investment group Seneca has appointed ex-Aberdeen head of Asia Pacific strategy and asset allocation Peter Elston as global investment strategist.
Ross Teverson has started as Jupiter’s global emerging markets head of strategy days after the resignation of two developing market managers.
The Bank of Japan has made the shock decision to boost the bank’s monetary easing programme
Aviva Investors has added fund manager Xiaoyu Liu to its emerging markets and Asia Pacific equities teams.
The Sicav is managed by Magdalene Miller and has a four star FE rating.
Japanese shares ended trading down 335.14 in overnight trading.
Inflation in the Chinese economy came close to a five-year low but economists remain unconcerned about deflation risks.
Exposure to equities has fallen 14 per cent in September following concerns over the end of QE on the global economy.
Exports increased by 15.3 per cent compared to the same month a year previous.
Nikko Asset Management has promoted London-based Andre Severino head of fixed income for the US and Europe.