Scottish Widows Investment Partnership is launching an aggressively run UK equity fund aimed at top-end discretionary investment managers, private client stockbrokers, private banks and institutional investors.
Formerly the SWIP UK equity fund, it has been renamed the SWIP UK opportunities fund and is positioned to higher end of the risk/return spectrum. Minimum investment is £25,000.
The fund is £38m in size and is run by a 12 strong team headed by SWIP investment director, UK equities David Urch who was formerly at Mercury Asset Management and Martin Currie.
SWIP sales & marketing director Andy Frepp says: “This is the start of many new product initiatives which will focus on key markets for SWIP and the Lloyds TSB Group.”