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SWIP multi manager diversity fund adds exposure to infrastructure

Scottish Widows Investment Partnership’s multi manager diversity fund has added exposure to infrastructure by investing in the First State global infrastructure fund.

SWIP’s multi manager team has also made six additional investments which include bond exposure through M&G optimal income, PIMCO global bond and Julius Baer absolute return bond and increased global equity exposure through CF Odey Opus. The team has also established an overweight position in hedge funds with purchases of FRM diversified alpha and Brevan Howard global. The new investments are designed to increase capital preservation in the fund during difficult market conditions.

SWIP head of multi manager Mark Harries says: “Infrastructure is an attractive asset class – it has the capacity to generate strong and reliable returns and is more recession-proof than many other asset classes. We selected the First State fund because it invests in large cap companies listed in the more mature economies and we expect it to be less volatile than other infrastructure products. Our additional fixed income exposure includes funds with full Ucits III powers which have the flexibility and manager skill and experience to help deliver good risk-adjusted returns in the future.”

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