FPI includes EIS in fund platform

Friends Provident International (FPI) has added Emirates Investment Services' (EIS) conventional and Islamic multi manager funds to its fund platform, the company said yesterday.

The links will provide FPI an opportunity to offer its clients both Shariah compliant and conventional funds managed by EIS, which currently has over Dh6 billion assets under management making it one of the largest asset managers in the Mena region.

EIS funds include Shariah-compliant Emirates Islamic Global Balanced Fund as well as the conventionally managed Emirates Conservative Managed Fund, Emirates Balanced Managed Fund and Emirates Active Managed Fund.

Deon Vernooy, Senior Executive Officer of EIS, said: "In these uncertain times, it is imperative investors have access to professionally managed funds. Our tie-up with FPI, a leading financial services provider, will go a long way to making our funds available to a wider market. We believe Islamic funds will grow in popularity."

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