Fund Objective

To provide you with a return on your investment, taking account of any growth and any income. This is achieved by investing in the UK Gilt Market as represented by the Financial Times Stock Exchange Actuaries Governments Securities Index-Linked All Stocks Index.

View on Past Performance

UK government bonds have fallen in the past six months. Prices were boosted by financial market turmoil which encouraged investors to switch into government bonds from riskier assets such as equities and corporate bonds. However, investor concerns about higher inflation caused gilt prices to fall sharply in May. In the short to medium term, SWIP expect slower growth to contain inflation pressures.SWIP think a return to the stagflation (recession combined with high inflation) of the 1970s is unlikely. Provided that commodity prices stabilise, we should come through the current spike in inflation without seeing interest rates aggressively.

Fund Details