scottish equitable and skandia ireland also announce fund offers
Offshore life companies continue to expand their fund ranges, with a slew of new fund links or launches over the past month.
Friends Provident International (FPIL), based in the Isle of Man, has added eight funds to its mirror fund range. This increases the number of funds available through the mirror range to 119, from across 32 fund management houses.
Four of those fund management houses are linked with Friends Provident for the first time: UBS Global Asset Management, M&G Investments, Mellon Global Investments and New Star Asset Management.
The new funds include two from Merrill Lynch: FPIL Merrill Lynch World Mining and FPIL Merrill Lynch New Energy. The other six are: UBS USA Equity Sales, M&G Offshore UK Select, Mellon Global Bond, New Star European Growth, JP Eastern Smaller Companies fund and Aberdeen Global Asia Pacific.
Paul Quirk, managing director of FPIL, said: "These eight new mirror funds have been added due to strong marketplace demand and are a great option for investors. FPIL is committed to providing investors with the best range of funds from top fund managers."
Elsewhere, Aegon Scottish Equitable International has added two Schroder funds to its life, pension and offshore range and is planning further fund links between now and April 2007.
The life company recently added Schroder Alpha Plus, managed by Richard Buxton, and Schroder Income, managed by Nick Purves. Both are AA rated by Standard & Poor's and Forsyth OBSR. Schroders UK Mid 250 and Tokyo funds are already available within the Aegon Scottish Equitable range.
Scottish Equitable International already links to a range of groups and plans further fund launches in the near future with Schorders, Invesco Perpetual, Investec, Fidelity, Merrill Lynch, Newton, JPMorgan and Jupiter.
Skandia Ireland has also added three fund links in the last month. These include HSBC GIF Euro High Yield Bond, Schroder ISF Euro Equity and Schroder ISF US Smaller Companies. The funds were included for Skandia Ireland advisers and their clients in response to strong demand. key points
Eight funds launched by Friends Provident International
Aegon Scottish Equitable adds new Schroders funds
Skandia Ireland adds three fund links
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