UK - Ashmore Investment Management's flagship emerging markets bond fund, the Emerging Market Liquid Investment Portfolio, posted an 18.5% return during 2002.
Ashmore expects the fund to produce returns between 25-30% this year.
Ashmore said bond issuers’ credit fundamentals, limited issuance needs and increased demand from investors for emerging debt should all help the asset class produce higher returns.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.