Offshore bond holders return to equities

Skandia and Friends Provident International (FPI) have seen a move back to equities within offshore bonds in the past few months and Skandia says emerging markets have become the most popular in recent weeks. The top selling fund via Royal Skandia in July was the HSBC Indian Equity fund, followed closely by the HSBC Chinese Equity and Aberdeen Global Chinese Equity funds. Friends Provident International (FPI) has seen demand for emerging markets resurfacing with a single country focus, particularly interest in China and greater China funds. "The Bric story has gained traction and w...