SWIP Multi-Manager Select Boutique Fund

Reasons Why to Invest - SWIP Multi-Manager Select Boutiques Fund

SWIP

SWIP is one of the UK’s largest asset management companies, with over £139 billion of funds under management (Source: SWIP as at 31 December 2011) and a diverse client base. The company offers a comprehensive product range designed to meet investors’ needs and consider property, absolute return, UK equities and multi-manager among our core competencies.

Asset Allocation

The SWIP Multi-Manager Select Boutiques Fund aims to achieve long-term capital growth through investment in a portfolio, predominantly comprising collective investment schemes, which gives exposure to UK and overseas equity markets and sectors.

The fund aims to do this by investing in a diverse range of collective investment schemes – other regulated investment funds – the majority of which will be managed with an absolute return mindset by specialist or boutique investment management companies.

Investing with boutique investment managers can have a number of advantages. On the whole, they tend to be small and very much focused on a particular sector or area of investment. Being a specialist in their field, boutiques can offer access to in-depth knowledge and expertise, often impossible for other fund managers to achieve.

Boutique investment management companies might be those which:

are able to pursue an investment style or approach unhindered by centralised asset allocation and investment process
have a specific culture or specialisation
are smaller, specialist funds which may not be actively marketed to investors. Where appropriate, it may also invest in transferable securities (including closed-end funds) and a range of other securities across a number of asset classes.

SWIP Multi-Manager Select Boutiques Fund - Asset Allocation Diagram
Source: SWIP, as at 31 December 2011

Fund selection

The SWIP multi-manager team has a rigorous and proven investment process to research and select funds, researching over 10,000 funds through a quantitative and qualitative screening process. What’s more, the team is able to focus entirely on researching the thousands of funds in the market place to deliver a more consistent return and reduce risk.

The team looks to understand how performance has been achieved – the potential for it being repeated again in the future – and how the Fund will blend into the portfolio. The team conducts over 300 fund manager interviews a year to gain in-depth insight into a fund manager’s process, style and their ability to adapt to varying market conditions – as well as the types of stock the fund manager will invest in. This builds a clear picture of each fund before selecting the right combination of funds to meet the portfolio’s objective.

Additionally, the managers meet face-to-face with individual fund managers and have access to funds that are often not available to you as an individual, which means you can benefit from investing in a number of funds with only one administration cost.

The team

The two lead members of the team are Mark Harries and Simon Wood, who both joined SWIP in 2007. Each has over 25 years’ experience. The fund is currently A rated by OBSR* an independent investment research and ratings agency.

Each member of the team is a specialist in their own right and focuses on specific sectors and/or asset classes. Plus, the team has access to research resources from across SWIP’s investment desks to provide them with a wealth of information and insight to the markets and individual managers’ strategies.

By investing in the SWIP Multi-Manager Select Boutiques Fund, you will benefit from a skilled team of individuals. The team has an average of greater than 20 years' experience and have worked together for over ten years. This makes them one of the most stable multi-manager teams in the industry, and provides a level of consistency and reliability to their investment process.

*Source: OSBR. September 2011

Important information

The value of investments can go down as well as up depending on investment performance. Past performance is not a guide to future performance. You may not get back your original investment. Funds may have holdings which are denominated in different currencies and may be affected by movements in exchange rates. Consequently, the value of your investment may rise or fall in line with exchange rates. Investments in emerging markets may involve a higher element of risk due to less well regulated markets and political and economic instability. Tax rules relating to OEICs may change.

Multi-manager funds can invest in a wide range of asset classes, including collective investment schemes, which they themselves invest in a range of other assets. These underlying assets are likely to vary from time to time but each category of asset (which may include, but shall not be limited to, hedge funds or property) has individual risks associated with them. Multi-manager funds and the Manager may not have control over the activities of any collective investment scheme or company invested in by Multi-manager funds. Managers of collective investment schemes and companies in which the Multimanager funds may invest may take undesirable tax positions, employ excessive leverage, or otherwise manage the collective investment schemes in a manner not anticipated by the Manager.

Further details of the risks relating to the SWIP Multi-Manager Funds can be found in the Key Features Document which must be read before taking any investment decision.

This section of the site is for professional use only and must not be accessed by retail investors.

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Important Information for Professional Advisers.

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

This does not constitute an offer or solicitation to sell shares in any of the funds referred to on this site, by anyone in any jurisdiction in which such offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.

Applications to invest in any fund referred to on this site, must only be made on the basis of the offer document relating to the specific investment (e.g. prospectus, simplified prospectus or other applicable terms and conditions).

As a result of money laundering regulations, additional documentation for identification purposes may be required when you make your investment. Details are contained in the relevant Prospectus or other constitutional document.

If you are unsure about the meaning of any information provided please consult your financial or other professional adviser.

You may leave the Scottish Widows Investment Partnership Limited (SWIP) website when you access certain links on this website. In so doing, you may be proceeding to the site of an organisation that is not regulated under the UK Financial Services and Markets Act 2000. SWIP has not examined any of these websites and does not assume any responsibility for the contents of such websites nor the services, products or items offered through such websites.

SWIP shall have no liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to, any direct, indirect or consequential damage, arising out of the use of the services provided herein.

On accessing the SWIP website, you are aware of the following investment risks applicable to all SWIP funds:

Past performance is no guarantee of future performance.
The value of investments and the income from them may go down as well as up and are not guaranteed.
Your client may not get back the amount they invested.
Taxation rules and legislation may change without notice.
Rates of exchange may cause the value of investments to go up or down.
Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially.
For your protection, telephone calls are usually recorded.

This site is operated and issued by Scottish Widows Investment Partnership Limited, Company No. 794936. Registered Office in the United Kingdom at 33 Old Broad Street, London EC2N 1HZ. Tel: 0131 655 8500. Scottish Widows Investment Partnership Limited is authorised and regulated by the Financial Services Authority and is entered on their register under number 193707 (www.fsa.gov.uk).