The drops in European markets came as key manufacturing data from China confirmed the country’s slowdown.
This week has seen $10.5bn of outflows from the EM sector, according to a Bank of America Merrill Lynch Global Research report.
Experts agree that the current market turmoil is not a warning of a significant global downturn or recession.
Although overall sentiment is weak on China, Yeung believes there are still opportunities for investors.
The rate cut, which will be effective on Wednesday, is the fifth by the Chinese central bank since November last year.
The FTSE has further to go to recover the £74bn wiped off the market yesterday.
Chinese authories are trying to reassure investors and have allowed its main state pension fund to invest in the stockmarket.
Greece dominated concerns in previous months, but China recession is now the number one risk.
Currencies in Asia and Latin America were hit, as well as emerging market stocks.
The bank claims that the devaluation is a one-off move, but experts think otherwise.
The People’s Bank of China has cut the guiding rate for the yuan for the second day.
The European passport under AIFMD allows the marketing of an alternative fund product to professional investors through the EU, subject to state approval.
M&G took the ‘Top Dog’ spot again having the most assets on the Spot the Dog list.
Price will take over the full management of the portfolio on 1 September.
The firm is also developing plans for its first targeted Asian income fund to be managed by Jason Pidcock.
The funds industry has seen $75bn of outflows from emerging market funds since 2013, according to Aberdeen Asset Management.
Kleinwort Benson was told of the takeover bid via a regulator notification from the Financial Services and Markets Authority.
The Shanghai Composite Index has dropped 28 per cent below its peak.
The annual management charge of the investment trust will be reduced from 1 per cent a year to a tiered pricing structure.
Nikko Asset Management currently oversees £104bn of assets.
The first president of the bank will be Kundapur Vaman Kamath.
Investors in the Aviva Investors Asia Pacific Property fund could wait more than two years for their money.
The Old Mutual Asian Equity Income fund will focus on income as well as capital growth.
The Hang Seng index has fallen 1 per cent while the Shanghai Composite was down 1.29 per cent as of this morning.
Chinese consumers should be a more important engine for global growth in the future.
Benchmark Shanghai Composite Index has dropped 30 per cent since mid-June.
Ashmore Sicav can invest in Chinese H-shares, ADR markets and A-shares
The drop sits just behind the 7.7 per cent drop seen in January.
McBride left Ignis when it was taken over by Standard Life Investments.
Despite the slowdown Chinese equity markets are maturing and consumer spending is on the rise.
MSCI’s concerns focus on three main issues: the quota allocation process, capital mobility restrictions and beneficial ownership of investments.
Both funds will have management fees of 0.35 per cent.
The fund manager placed a £1m daily investment restriction on the fund last year.
The firm has bought two asset managers and increased its stake in another.
M&G Japan and the M&G Japan Smaller Companies funds to be brought back in house.
The index rose 5 per cent in the 10-day run.
US payouts made up 56 per cent of the global Q1 total.
Japan funds also rose, while commodities funds saw a drop.
The fund will replicated the bottom-up Matthews Japan fund strategy in use since 1998.
UK equity funds saw the largest ever net retail outflow of £963m for March 2015.