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Aviva Investors to soft-close US equity income fund


Aviva Investors plans to soft-close its US equity income fund and launch a successor fund to meet demand for its dividend all-cap strategy.

Henry Sanders and Thomas Forsha’s £366m Aviva Investors US Equity Income fund will be soft-closed in October to ensure it can be managed in accordance with its investment strategy and to protect the interest of current investors.

Aviva Investors sales director for UK financial institutions Jeremy Leadsom says: “The fund has generated an attractive level of income and return compared to the sector average and we have seen strong inflows as a result.

“In the interest of our clients, we have taken the decision to soft close the fund in order to ensure that we can maintain its size and investment strategy.”

The firm intends to launch the Aviva Investors US Equity Income Fund II in early September. This will also be managed by Sanders and Forsha, who are with Aviva Investors’ US equity subsidiary River Road Asset Management.

Leadsom adds: “We remain committed to offering a geographically diversified equity income portfolio and plan to launch a new US focused fund in early September.

“The new strategy will have a greater large cap bias than its predecessor and will be less constrained while at the same time offering marginally lower volatility.”


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