Aviva renames multi-asset range and adds two funds

Aviva Investors has bolstered its multi-asset range with two funds targeting defensive and moderately cautious investors.

The firm has renamed its multi-asset fund range, moving from descriptive labels to a numbering system.

The multi-asset fund I is aimed at defensive investors. It will launch on February 6 and will be managed by Justin Onuekwusi.

The multi-asset fund III, also managed by Onuekwusi and launching on the same day, targets the moderately cautious investor.

The new funds’ retail share class have an annual charge of 1.25 per cent, the same as the three funds already in the range.

Onuekwusi will run the new portfolios in a similar fashion to the existing multi-asset funds, which he manages. They are globally unconstrained and aim to meet volatility targets corresponding to levels of investor risk appetite.

Under the overhaul, the £27.2m cautious multi-asset fund will be renamed Aviva Investors multi-asset fund II.

The £38.1m balanced multi-asset fund will become the Aviva Investors multi-asset fund IV and the £12.5m adventurous multi-asset fund will be called multi-asset fund V.

Investment objectives and policies of the existing funds are unchanged.

Aviva Investors UK Fund Services chief executive John Clougherty says: “With these two new funds, we can now offer advisers a truly comprehensive multi-asset fund range which provides a simple solution for investors whatever their risk profile.”