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Friends Provident International launches two new funds

Friends Provident International is adding ethical and tracker funds to its range of offshore funds.


The International Stewardship fund is a global version of the Friends&#39 UK ethical fund. While the UK Index-tracker will attempt to emulate the performance of the UK&#39s top 100 companies.


The funds will be available to new and existing investors through its Guernsey based portfolio.


FPI manager international marketing says: &#34Friends Provident is the undisputed UK market leader in ethical investments managing around 50 per cent of the entire UK ethical investment market.


&#34Research has shown us that whilst many non-UK resident investors like our current UK Stewardship fund they would like exposure to a more globally diversified fund.&#34

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Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.

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