The increase gives the portfolio a neutral weighting to equities and was achieved by investing in i-shares to allow the full exposure of the rise in the market to be realised.
The SWIP team has also increased the commodities weighting within the fund.
SWIP head of multi-manager Mark Harries says: “We anticipate a significant upturn in the equity market. We are not predicting a return to a bull market but we are of the opinion that there will be a sharp rally. We want our customers to benefit from that rally and so have increased our exposure to equities.”