FPI adds emerging market funds to platform
From Products Aug 31 2010 BY: Simon Danaher
, Online News Editor
, International Adviser
Friends Provident International (FPI) has added a number of funds to its platform offering investment in developing market economies.
FPI said it decided to add the funds as investors were now looking to broaden their investment horizons and include more investments in countries outside the western world.
The new strategies include the Amundi Brazil, HSBC Russia Equity and HSBC Indian Equity Funds which FPI said complements its existing China fund offerings and allows investment in all of the BRIC countries. It has also added the Amundi Latin America Equities and Fidelity Emerging Europe, Middle East & Africa funds.
Targeting a demand for investment in consumer trends, FPI also added the JPM Global Consumer Demand Fund. Furthermore, for those investors wishing to access developing economies through bonds, FPI has added the Templeton Emerging Markets Bond Fund.
Jim Henning, funds marketing and research manager at FPI said: “The seemingly relentless march of consumer demand in the developing economies is an undeniably powerful force and these new funds allow our customers to invest in the new opportunities this presents, but in different ways and with greater diversification.”