The new funds are managed by Schroders and F&C, both of whom have expertise in global equity markets. Stewardship Corporate Bond Fund is a new ethically screened fund which is part of the pioneering F&C Stewardship ethical range. The fund does not invest in gilts, which are excluded from the Stewardship range.

Investors who want to make the most of the opportunities and challenges presented by a changing climate have the option of two funds – both of which are global equity funds that invest in companies that will help to mitigate the negative impacts of climate change, and help people to adapt to a rise in global temperatures. The funds are: The F&C Global Climate Opportunities Fund supported by the 15 member F&C governance and sustainable investment team.

Julia Dreblow, socially responsible investment marketing manager at Friends Provident, said: We’re delighted to be able to provide investors with an expanded range of funds at a time when demand for green and ethical investments is increasing at an unprecedented rate.