View more on these topics

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.”


IMA’s new sector gets a mixed response

The Investment Management Association launched the mixed investment 0-35 per cent shares sector last week. The sector had originally been planned for launch alongside the other multi-asset sectors at the start of the year but low demand resulted in a delay. The IMA has added 13 funds to the sector, three above the minimum 10 […]


FSA shuts down sale and rent-back market

The FSA has today published a report that shows most sale-and-rent-back transactions were either unaffordable or unsuitable and never should have been sold. Following a review of all regulated rent-back firms, the FSA has referred one firm to its enforcement division while others have either stopped taking on new business or cancelled their permissions. The […]

Miton funds continue low-risk approach

MAM Funds is continuing to favour low-risk assets for its CF Miton strategic portfolio and CF Miton special situations funds due to the current market uncertainty. Managed cash comprises the biggest weightings in the funds, partly due to new money recently coming in. But MAM Funds sees little point in piling cash into risk assets […]

More QE could be needed

The Bank of England monetary policy committee voted unanimously to keep its programme of quantitative easing at £275bn in January but some members felt it The minutes of January’s meeting show all nine members voted to keep bank rate at 0.5 per cent for the 34th consecutive month. The committee believes inflation will continue to […]

Bonds going bust? Not so fast….

In recent months bond bears have been reinvigorated, and market commentary suggesting “the end of the bond (bull) market is near” has become commonplace. We think these comments are premature. Explaining the global government bond sell-off October has seen renewed pressure on global government bonds, initially provoked by a Bloomberg article suggesting that the ECB […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm