Friends Provident International launches three new funds
Isle of Man-based Friends Provident International has launched three new specialist funds, including a Sharia-law compliant Islamic fund, a fund investing in the energy and basic material sector, and a fund based on Asian real estate.
The FPIL HSBC Amanah Global Equity Index Fund will offer clients interested in Sharia compliant investment products the opportunity to invest in stocks around the world. The fund will aim to match the price performance of the Dow Jones Islamic Market Titans 100 Index before fees and charges. FPI has also joined forces with Martin Currie and launched The FPIL Martin Currie GF Global Resources Fund. The fund will invest primarily in equities in the energy and basic materials sectors worldwide, the financial services firm said. The FPIL Henderson Horizon Asia-Pacific Property Equities Fund will invest in the property stocks in the Asian region. Paul Quirk, managing director of Friends Provident International, said: There has been a strong marketplace demand for these new funds which I am certain will prove a very worthwhile addition to our mirror fund range.
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