(Toronto) – Aviva Investors, the global asset management business of Aviva plc, announces it has launched a pooled fund for institutional investors and wealth management firms in Canada, providing them with access to its flagship Global Equity Income strategy.
The new fund has been seeded by Q Wealth Partners, one of Canada’s fastest-growing asset management firms, providing portfolio management and investment solutions to independent advisors, with over $7.5 billion in AUA and $3.5 billion in AUM across its institutional pools.
Structured as a Canadian Private Pooled Fund, the new vehicle will be managed by Richard Saldanha and Edward Kevis, who oversee the Global Equity Income strategy globally.
It has been designed for defined contribution (‘DC’) pension funds, single and multi-employer defined benefit (‘DB’) pension plans, endowments and foundations, as well as First Nations accounts, and platforms in Canada seeking access to a globally diversified strategy that can provide income and capital growth. The overall strategy aims to invest in companies that can pay growing dividends with a focus on opportunities outside of traditional income sectors, which can either be used as a standalone allocation or to complement other global equity holdings.
The launch of a Canadian vehicle comes as Aviva Investors continues to build out its dedicated resources in the region, following the appointment of Julie Caron as Head of Institutional, Americas, and Dean Liotta as Managing Director, Institutional, in August, as well as Danielle LeClair as Investment Director in September.
Duane Green, CEO, Americas, at Aviva Investors, said:
“I couldn’t be prouder to bring this strategy to the Canadian market. We have talked extensively about our growth ambitions in Canada, and being able to provide clients and investors in the region with access to one of our leading strategies is testament to that commitment. As investors continue to diversify, global equities have grown to become one of the largest asset classes in the region. With strong demand for dividend and income-oriented equity strategies, we are seeing more flows being directed to global income strategies. The launch of this pooled vehicle is designed to meet that clear demand from Canadian investors. It also increases the credibility of our commercial offering, as we help investors in the region adopt the more global, diversified approach they are seeking to achieve their long-term objectives.”
