Swip adds third to high alpha bond range a year after launch

Scottish Widows Investment Partnership (Swip) has launched a third fund into its high alpha bond ran...

Scottish Widows Investment Partnership (Swip) has launched a third fund into its high alpha bond range as the first two reach their one-year anniversary. Run by Graeme Caughey, Swip Sterling Bond Plus will combine the approaches used on Neil Murray's Corporate Bond Plus and Caughey's Gilt Plus funds, with the current sterling market split approximately 45% gilts and 55% non-gilts. It will aim to produce a return 150 basis points ahead of its benchmark, the iBoxx Sterling All-Maturities Index, before charges. David Millar, deputy head of bonds at Swip, said: "In addition to well-timed i...