The euro slipped on Friday after a Spanish newspaper reported some of the country’s 18 savings banks had failed stress tests to see how strong they would be if economic conditions worsened, highlighting nervousness ahead of the release of Europe-wide test results later in the day. Though some of Spain’s smaller banks or “cajas” had [...]

Global bond funds attracted a record $2.64 billion in the third week of April, shrugging off concerns about the creditworthiness of debt-laden euro zone member Greece, according to data from fund tracker EPFR Global. US bond funds attracted over $1.2 billion, seeing new money for the 68th straight week, and emerging market bond funds had [...]

The stock market may be on a roll, and the outlook on the economy may be as bright as it was during the glory days of 2007-08. Yet, fund managers and other key personnel in the investment teams of mutual fund houses are unlikely to pocket the kind of bonuses they took home a couple [...]

India focused equity fund, UTI International India IT has become the best performing equity fund for sale in the Gulf Cooperation Council (GCC), gaining almost 46 per cent over the quarter. A Fund Market Insight report by Lipper said according to the latest figures, twelve of the 20 top-performing equity funds in the region were [...]