Isis to develop Stewardship funds into a separate brand

Isis Asset Management is to develop its Stewardship ethical funds as a separate brand as part of its plans to merge the Friends Provident funds into the Isis retail range. The group, which will drop the Friends Provident brand entirely from the retail funds, is to reduce the number of vehicles it manages down from 55 to 31. Currently Isis manages 29 retail portfolios with the same investment team managing 22 separate Friends Provident branded funds, three of which are the FP branded ethical funds known as Stewardship. These include the £368m Stewardship Growth portfolio, the £42m Ste...