SWIP Launches Luxembourg SICAV

Jul 27 2007 | 1:28pm ET

Scottish Widows Investment Partnership, the asset management arm of the Lloyds TSB Group, has launched a Luxembourg-based SICAV aimed at the continental European market.

SWIP’s latest offering is part of its international asset management distribution strategy, which aims to gain maximum exposure to the largest markets in Europe including Germany, France, Italy, Spain, Sweden, Switzerland and the Netherlands.

The SICAV will include a range of SWIP funds, providing diversification across asset classes. New fund launches within the structure will include the SWIP Absolute Return Macro Fund, SWIP Euro Absolute Return Fund, SWIP US Dollar Absolute Return Fund and SWIP High Alpha Euro Bond Fund. 

Added to this will be SWIP’s Emerging Markets Fund, European Fund, European Smaller Companies Fund, European Real Estate Securities Fund.  The last four funds are based on established U.K. versions of SWIP funds.

“We have already seen great success with new business wins in Southern Europe, Germany and Scandinavia across a range of asset classes,” said Simon Wombwell, head of distribution at SWIP. “The SICAV will offer a range of funds from SWIP’s core capabilities, which have different levels of risk and return.”


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...