Aviva Investors launches low-cost ESG-integrated Multi Asset Fund range

Aviva Investors, the global asset management business of Aviva plc, has strengthened its multi-asset fund range with the launch of the MAF (Multi Asset Fund) Core range.

  • Launch of MAF Core - five risk-targeted multi-asset funds investing across asset classes globally. Existing Multi-Asset Range rebranded to MAF Plus
  • The new funds use ESG-optimised strategies utilising Aviva Investors’ proprietary ESG scoring system
  • The new range seeks to deliver value for money with a fixed Ongoing Charges Figure (OCF) of 0.15%
  • Performance benchmark and target added to both fund ranges to make it as easy as possible for investors to assess value for money

The MAF Core range invests globally in a selection of asset classes, including equities and bonds. It utilises more index investments than Aviva Investors’ existing Multi Asset Funds, but still benefits from a degree of active asset allocation and security selection. There are five funds in the range, which reflect different risk profiles across a broad investment spectrum from defensive to adventurous. MAF Core will have a longer-term strategic management style, which will include annual and quarterly asset allocation reviews. MAF Plus will have a tactical focus with day-to-day active asset allocation. Both fund ranges will benefit from robust risk analysis.

The new fund range will be managed by Multi-Asset Portfolio Managers Guillaume Paillat and Sotirios Nakos, who report to Sunil Krishnan, Head of Multi-Asset Funds. The team benefits from the support and analysis of Aviva Investors’ wider multi-asset team of 55 investment professionals.

Environmental, Social and Governance (ESG) considerations are built into the investment process and philosophy for both fund ranges. MAF Core will use passive ESG-optimised strategies, which utilise Aviva Investors’ proprietary ESG scoring system, while MAF Plus has access to active ESG-integrated funds and thematic impact funds that look to address climate change. Both fund ranges benefit from active ownership - voting and engagement. In 2019, Aviva Investors was named as one of only five global investment managers in a field of 75 to receive an “A” rating by ShareAction for its approach to ESG investing.

Both the MAF Core and MAF Plus ranges will benefit from the addition of a performance benchmark and performance target to make it as easy as possible for clients to assess value for money. The performance benchmark will be a simple combination of global equities and bonds, weighted to the match the risk profile of each fund. For MAF Plus, the performance target will be 1.30% pa on average versus the performance benchmark, while MAF Core will target 0.30% versus benchmark. The difference in performance targets is reflective of MAF Plus having more active capability.

Sunil Krishnan, Head of Multi Asset Funds at Aviva Investors, said:

“Investors today are clearer than ever that they want to invest with ESG principles in mind, but it has not always been possible to invest sustainably while keeping costs down. We set ourselves the challenge of creating a multi-asset proposition that allows investors to do both and we believe that the new MAF Core range achieves just that.

“In addition, by adding both a performance benchmark and performance target, for both MAF Core and Plus, we can show investors exactly what they’re getting for their money.”

For more information contact:

A picture of Steve Ainger

Steve Ainger

Head of Media Relations

A picture of Victoria Howley

Victoria Howley

Media Relations Manager

A picture of Laura Cocker

Laura Cocker

Media Relations Manager

Important Information:

The information and opinions contained in this document are for use by the financial press and media only. No reliance may be placed for any purpose on the information or opinions contained in this document nor should they be seen as advice. 

The press release is provided on the basis that Aviva Investors Global Services Limited is not causing the communication of a financial promotion under exemption of the Financial Promotion Order, as Aviva Investors Global Services Limited has no control over the way in which an article based on this press release is prepared and published by the financial press and media. 

Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as at x 2020. Unless stated otherwise any views, opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature.  The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. 

Issued by Aviva Investors Global Services Limited, registered in England No. 1151805.  Registered Office: St Helen's, 1 Undershaft, London, EC3P 3DQ   Authorised and regulated by the Financial Conduct Authority. RA20/0966/30112020

Key Risks

The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.

Investments can be made in emerging markets. These markets may be volatile and carry higher risk than developed markets.

Investments can be made in derivatives, which can be complex and highly volatile. Derivatives may not perform as expected, meaning significant losses may be incurred.

Aviva Investors

Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £355 billion in assets as at 30 June 2020.

AVIVA PLC

For information on how Aviva is helping our people, customers and communities impacted by COVID-19 visit: www.aviva.com/covid-19-our-response/

We exist to be with people when it really matters, throughout their lives – to help them make the most of life. We have been taking care of people for more than 320 years, in line with our purpose of being ‘with you today, for a better tomorrow’.

In 2019, we paid £33.2 billion in claims and benefits on behalf of our 33.4 million customers.  

We will focus on the UK, Ireland and Canada where we have leading market positions and significant potential. We will invest for growth in these markets. Our International businesses in Europe and Asia will be managed for long-term shareholder value. We will also transform our performance and improve our efficiency. Our transformation will be underpinned by managing our balance sheet prudently, reducing debt and increasing our financial resilience.

Total group assets under management at Aviva group are £522 billion (HY20) and our Solvency II capital surplus is £11.8 billion (Q320). Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.

For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us

The Aviva newsroom at www.aviva.com/newsroom includes links to our image library, research reports and our news release archive. Sign up to get the latest news from Aviva by email.

You can follow us on Twitter: www.twitter.com/avivaplc/

You can follow us on LinkedIn: www.linkedin.com/company/aviva-plc

For the latest corporate films from around our business, subscribe to our YouTube channel: www.youtube.com/user/aviva

We have a Globelynx system for broadcast interviews. Please contact the Press Officer noted above if you would like to make a booking.