SWIP expands multi-manager offering

Scottish Widows Investment Partnership (SWIP) has launched the SWIP Multi-Manager Optimal Multi-Asset fund to the UK retail market as part of its highly regarded multi-manager offering.

Jointly managed by OBSR and Citywire rated SWIP fund managers Mark Harries and Simon Wood, the fund represents an evolution of the multi-asset concept. This type of fund reduces the over reliance on equities as a long-term growth generator and will appeal to investors who are seeking long term growth through a very diverse portfolio.

The fund will have an ambitious target return of LIBOR + 6%. SWIP's highly-regarded and successful Multi-Manager team will aim to achieve this by investing in a broad range of assets, including equities, property, commodities including Timber and Gas, absolute return solutions and private equity to deliver meaningful growth for investors via a broadly diversified portfolio.  

Bernard Henshall, head of multi-manager distribution, at SWIP comments: "The Balanced Managed sector is dominated by a large number of very similar looking funds that have not generated the returns that Advisers are looking for. The Optimal Multi-Asset Fund is a new and exciting interpretation of what a Balanced Managed Fund can look like.

"The team has a proven track record of constructing and managing multi-asset portfolios using strategic asset allocation and high-quality manager selection; we're excited to demonstrate the long-term potential that this type of fund will offer to the Adviser marketplace and totake advantage of the many investment opportunities which will arise in the future in order to deliver more consistent returns".