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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.”


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.


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