Friends Provident International (FPI) has launched a global protected fund with an initial Asia-Pacific bias.
The 80% Global Growth Protector fund mainly targets international developed markets, with a 30% investment in Asia-Pacific equities or asset classes and sectors with Asian exposure. Jim Henning, funds marketing & research manager at FPI, says: "It is a fund that is globally diversified but has a high bias for emerging markets. The story’s still there for emerging markets." Friends Provident offers the fund exclusively through its own regular savings and investment bond products. BlackRock and HSBC back the fund, which protects itself using fixed interest and deposit investments. Fr...
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