Swip MM Diversity bounces back

Wood's fund returns to positive territory, attracting £10m in inflows so far this year

Swip's Multi-Manager Diversity fund has doubled in size after seeing more than £10m in inflows so far this year. Manager Simon Wood has also seen performance rise over the past six weeks, after allocating 6.5% of the fund to iShares at the start of March, in time to catch the start of the equities rally. Wood saw the rally coming off the back of quantitative easing measures, and the decision has paid off. The £24m vehicle is one of two bringing in positive returns in the Cautious Managed sector, up 0.6% on the year to 14 April, according to Morningstar. Wood will be gradually reduci...