Retail investors pulled £2.4bn in net outflows from equities in September due to uncertainty around the Autumn Budget, according to the latest data from the Investment Association.

The Financial Conduct Authority has written to investors in Novus Black Fund UK Ltd about "significant losses" not reported to them by the alternative investment fund.

Fund manager Janus Henderson has today launched what it claims is the first active Exchange Traded Fund (ETF) in Europe - the Janus Henderson Tabula Japan High Conviction Equity UCITS ETF (JCPN).

Investors embraced diversification amid shifting monetary policies in September, according to Fidelity International’s list of top-selling funds, shares and investment trusts for ISAs and SIPPs.