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.”