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Aviva looking to rationalise fund range

Aviva managing director of retail investments John Clougherty says the firm is likely to rationalise its investment range.

He says following the decision to place all funds under the Aviva banner, it makes sense to conduct a complete review of the range at a time when the focus is on costs. He says: “We have 40 funds across a single company, which is probably too many and we are conducting a funda ental review across the piece.”

Clougherty says funds should only be run if they offer something genuinely different and says the group has few gaps to fill in the market.

He says: “We want to keep the emphasis on our strengths but it is important to realise that we will not close a fund purely because of its size. If there is no reason to invest in one fund over another, then we will look at it.

“The majority are going to stay, however, as we feel that we have had the nucleus of a strong investment range in place for some time.”

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