Bond offering from Widows

swip launches third in high alpha bond range as first two vehicles reach their first anniversary

Scottish Widows Investment Partnership (Swip) has launched a third fund into its high alpha bond range as the first two reach their first anniversary. Swip Sterling Bond Plus will combine the approaches used on Neil Murray's Corporate Bond Plus and Graeme Caughey's Gilt Plus funds, split about 46% gilts and 54% non-gilts at outset. The fund will come under the overall control of Caughey, with Murray assisting on the corporate bond decisions. Although it will vary in terms of how much it holds between the two funds, the portions will mirror the two portfolios directly. It will aim for a r...