View more on these topics

Swip brings property to retail investors

Scottish Widows Investment Partnership has brought the Swip property trust within the reach of retail investors by reducing the minimum investment to 5,000 from 100,000.

The fund is an authorised property unit trust established under the new collective investment scheme sourcebook published by the FSA in March. This created a new group of non-Ucits funds, including authorised property unit trusts. Under the old regulations, the maximum that property unit trusts could invest directly in property was 80 per cent but this fund can invest up to 100 per cent.

The fund invests mainly in office, retail and warehousing in the UK, although it can invest in Europe and the US. Top 10 holdings include the B&Q store in Cambridge and the Great Northern Retail Park in Huddersfield.

The fund is managed by Swip investment director, property Gerry Ferguson and Swips team of 28 property specialists, who have an average of 14 years industry experience. Ferguson has 30 years experience in the property market and joined Swip in 2000. He previously spent four years with RREEF, a large property fund manager in the UK.

When selecting properties for the portfolio Ferguson and his team combine a bottom-up assessment of each individual property with a top-down view of the economy. They consider whether the properties are appropriately priced, the prospects for the sector, Swips house view of the property market and will look at ways to add value to the property such as new lettings and refurbishment.

The team then bid for any properties that appear to be suitable. Once a property is bought, a business plan is drawn up which lists the various opportunities, risks and other factors to help in the continual monitoring of the properties.

The ability to invest 100 per cent directly in property is an advantage as funds which are restricted to 80 per cent may invest in property shares showing a higher correlation to equities than the property market. However, some IFAs may be concerned about a possible price correction in the commercial property sector.


Ashley Law starting share option scheme for partners

National IFA franchise Ashley Law is setting up a share option scheme to allow members to participate in its growth. The shares – to be offered in Ashley Law parent Ashley Law Management Services – will be offered to any of the firm’s 85 franchise partners who achieve 60,000 annual turnover with a decent persistency […]

When you wish upon a star

I have always been a cynic when funds are launched, particularly ones which have a quirky name that makes good promotional copy.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm