View more on these topics

Swip returns to property

Swip’s multi-manager team has introduced its first position in the property market since launching its fund range in December 2007.

The group has added a 1 per cent position in the Swip UK property trust in its select boutiques fund after seeing a number of indicators for a pick-up in the asset class.

Swip head of multi-manager distribution Bernard Henshall says he expects the team to add to the position in the coming months.

He says: “We still think there are concerns but with the yield on the IPD increasing, more buyers and informed players noting improvement, such as our own property fund manager Gerry Ferguson who the team invested in at Cazenove, have given us belief that now may be the time to dip our toes back into the water.”

Swip has also invested 9 per cent of its select boutiques fund into ishares FTSE 100 and 250 trackers.

Henshall says: “We feel there may be a bit further for the market to go and with most active managers positioning defensively, we feel these products may be the ideal ones to take advantage of any further upside.”

Recommended

Pressure points

Rising cost pressures on product providers from a number of different areas higher fund charges across the board. Margin pressures are hardly a new issue for fund groups but it is rare for providers to contend with so many issues in combination.

Executive decision

The executive pension plan is dead. All hail the executive pension plan. Strange as it may seem, the humble EPP might be about to make a comeback.

Commodities lift FTSE

The FTSE 100 opened at 5,145 this morning and rose higher in morning trades with a boost from commodity stocks.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com