Scottish Widows Investment Partnership (Swip) launches its Strategic Bond fund on Monday, managed by Roger Webb and Luke Hickmore.
The managers aim to capitalise on opportunities across government bonds, investment grade, high yield and cash markets and will be backed by Swip's fixed income team, which currently oversees £69bn in assets under management. The fund has the flexibility to move across fixed income asset classes and search out the best returns without being constrained by a benchmark. It will initially be targeted at discretionary fund managers. Webb joined Swip from Aviva - where he was corporate bonds investment director - last October. "Luke and I are looking to do something with this fund which...
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