The “downbeat mood” in financial markets, which has caused a ‘risk-off’ move by investors, could last several weeks, said a large UK asset manager this morning amid a flurry of emerging market forecasts for Donald Trump’s victory.

The ETF market is “reaching saturation point” and the failure risk of new vehicles has never been higher, data indicates.

Gina Slotosch has been appointed head of security services in HSBC’s German division.