Friends Provident has added a Sicav, with seven sub-funds, to its range of products aimed at offshor...
Friends Provident has added a Sicav, with seven sub-funds, to its range of products aimed at offshore investors. The group will offer a 1% discount for the first three months from the launch.
The Friends Provident International Portfolio Sicav offers the Global Socially Responsible Investment Fund, Global Bond, a Japanese Equity Fund, North American Equity, Global Equity, Global Balanced and European Equity funds.
Investors can put a minimum of £4,000 in any number of the sub funds, in dollars, euros or sterling. The maximum initial fee is 5.25% and the annual fee is 1.25% (1% for the bond fund). There will be a cap on the total expense ratio until January 2005 so it will not exceed 0.5% above the annual fee.
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November