SWIP adds infrastructure to MM Diversity fund

Mark Harries, head of multi-manager at SWIP, says: “Infrastructure is an attractive asset class; it has the capacity to generate strong and reliable returns and is more recession-proof than many other asset classes.” The First State fund was selected at it invests in large cap companies listed in the more mature economies, which are expected to be less volatile than other infrastructure products, he says. SWIP’s multi-manager team has made six additional investments to increase the focus on capital preservation within its fund, during difficult market conditions. The team has upped...