SWIP launches Optimal Multi-Asset fund

SWIP has launched its third multi-manager vehicle for duo Mark Harries and Simon Wood, the Optimal Multi-Asset fund.

The new product, which targets an annual return of Libor + 6%, complements the group's existing Diversity and Select Boutiques multi-manager funds. SWIP head of multi-manager distribution Bernard Henshall says the fund aims to reduce an over reliance on equities which is prevalent in the IMA Balanced Managed sector. The fund will invest in a broad range of assets; including equities, property, absolute return solutions, private equity and commodities - including timber and gas. At launch, the fund had 24% in absolute return, 20% in each of UK and international equities and 14% in p...