SWIP has launched its third multi-manager vehicle for duo Mark Harries and Simon Wood, the Optimal Multi-Asset fund.
The new product, which targets an annual return of Libor + 6%, complements the group's existing Diversity and Select Boutiques multi-manager funds.
SWIP head of multi-manager distribution Bernard Henshall says the fund aims to reduce an over reliance on equities which is prevalent in the IMA Balanced Managed sector.
The fund will invest in a broad range of assets; including equities, property, absolute return solutions, private equity and commodities - including timber and gas.
At launch, the fund had 24% in absolute return, 20% in each of UK and international equities and 14% in property.
"If you look under the lid of a number of balanced funds you could see something like 85% exposure to the stock market," Henshall says.
"While we have no problem with that, we do believe there is a yearning gap in the market and an appetite for something different - a broadly diversified portfolio.
"Most funds will simply invest across equities, bonds and property, but why would you not look at a wider set of asset classes which can diversify returns and risk."
Henshall also believes the fund has set an "ambitious" target return.
"It is putting our money where our mouths are," he adds. "It is in our DNA, we are multi-asset specialists and we believe this approach does allow us to set these high targets."
Asset allocation at launch
Absolute Return 24%
UK Equities 20%
International Equities 20%
Property 14%
Commodities 10%
Fixed Income 6%
Private Equity 5%
Cash 1%
