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Swip putting on the Reits with UK fund

Scottish Widows Investment Partnership is offering a UK real estate fund which will give investors exposure to UK-listed property and real estate investment trusts when they become available from January 2007.

The fund will form part of the Swip Oeic and will be managed by head of European equities and manager of the European real estate fund Nigel Bolton.

Head of property research Ian Hally will provide the fund with analysis of the direct real estate market.

The fund will hold 25-40 stocks. Initial charge is 5 per cent and annual management charge is 1.5 per cent. Minimum retail investment is 1,000.

Bolton says: “We could potentially see London becoming the Reit capital of Europe. This fund will enable investors to take advantage of this growth in the UK-lis-ted property market.”

Swip has also added the Swip multi-manager global real estate fund, New Star property fund and Schroders global properties securities fund to the property options in its life and pension investment solutions range.

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