Swip offers bond trio

funds offer total returns rather than relative performance vs peers

Scottish Widows Investment Partnership (Swip) has launched three bond funds that all aim to produce total returns rather than performance relative to peer groups. Gareth Quantrill is to head two of the funds, the Swip High Yield Bond and Corporate Bond Plus portfolios, while David Millar is to manage the Swip Global Bond Plus fund. Despite Quantrill already managing more than £2.3bn spread across four retail funds, including Corporate Bond, the group is confident that, with the support of his team of 23, he will be able to handle the additional mandates. The initial charge for all the fu...