FPI adds to investment fund range

Friends Provident International (FPI) launched two new offshore funds listed in Guernsey to add to an existing range of 12 offshore investment funds investing worldwide. They are the International Stewardship (Ethical) fund and the UK Index-Tracker fund. Rob Maxwell, international marketing manager, said of the fund: "It aims to provide an investment medium for people who do not regard financial gain as the sole criterion for investment. "Investment is concentrated in companies whose products and operations are considered to be making a positive contribution to society and seeks to avoid c...