Aviva Investors has launched a high conviction global equities fund as part of its outcome-oriented range.
The Global Equity Endurance fund is unconstrained with a low turnover and aims to deliver consistent returns over the long-term. Giles Parkinson is lead manager with Richard Saldanha and Helen Driver as co-managers. Parkinson will also draw on the resources of the firm’s equities team.
The Luxembourg-domiciled Sicav is based in US dollars. The initial retail share class has an annual management charge of 1.5 per cent while the institutional share class has an AMC of 0.75 per cent.
Chris Murphy, global head of equities, says: “The launch of this fund alongside our existing global equity strategies is part of the continual evolution and strengthening of our equity proposition and expanding investment team. The new fund reinforces our commitment to becoming a leader in outcome-oriented solutions in response to changing client needs.”
Parkinson adds: “The quality of the businesses we select will be key to the success of the fund. We invest in a small number of superior and resilient companies that have stood the test of time and we believe will continue to do so indefinitely.
“Given the long-term and enduring nature of these businesses, we cite the fund’s investment horizon as ‘over five years.’ However, we manage this strategy such that clients can hold the fund indefinitely. The portfolio is unconstrained, allowing us to invest without restriction; choosing the very best businesses regardless of sector classification or geographic listing.”