Aviva Investors bolsters its liquidity offering with new Sterling Standard Liquidity fund

(London) – Aviva Investors, the asset manager of Aviva PLC, has announced the launch of a new Sterling Standard Liquidity fund. The new product will build upon the firm’s existing liquidity offering, which will now consist of a suite of six funds. 

  • New regulated money market fund (MMF) will target returns of Cash + 0.10% 
  • The fund will be run by Richard Hallett and Josh Bramwell 

The Sterling Standard Liquidity fund is a regulated “standard” money market fund suitable for longer-term cash balances. By investing in slightly longer-dated securities, it can potentially generate an incrementally higher yield compared to short-term money market funds. The fund will be benchmarked against the SONIA rate and will target cash + 0.10% returns. 

The fund will be actively managed and will aim to achieve its objective by investing in a diversified portfolio of high-grade Sterling-denominated short-term debt and debt-related instruments. These include certificates of deposit, commercial paper, term deposits, asset-backed securities, senior unsecured bonds, covered bonds and treasury bills. 

The fund will be managed by Richard Hallett and Josh Bramwell, liquidity fund managers. The new product has already been awarded a credit quality rating of ‘AAAf’ from Fitch Ratings. It promotes environmental or social characteristics and as such is an Article 8 product under the SFDR. 

Anthony Callcott, Global Head of Liquidity at Aviva Investors, said: 

“Following increased demand and speaking to our clients, we are pleased to be able to further expand our suite of liquidity products through the launch of the new Standard Liquidity fund. Interest rates appear set to remain higher for longer, and with inflation gradually falling, we believe money market funds can offer investors an effective way of accessing positive real yields on cash.”

For more information contact:

Steve Ainger

Head of Media Relations

James Morgan

Media Relations Manager

Thomas Green

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 21 September 2023. 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.

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 £223 billion in assets under management as at 31 December 2022.

AVIVA PLC

Notes to editors:

·        We are one of the UK’s leading Insurance, Wealth & Retirement businesses and we operate in the UK, Ireland and Canada. We also have international investments in India, China and Singapore.

·        We help our 18.7 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we’ll be there to put it right.

·        We have been taking care of people for more than 325 years, in line with our purpose of being ‘with you today, for a better tomorrow’. In 2022, we paid £23.2 billion in claims and benefits to our customers.

·         Aviva is a market leader in sustainability. In 2021, we announced our plan to become Net Zero by 2040, the first major insurance company in the world to do so. This plan means Net Zero carbon emissions from our investments by 2040; setting out a clear pathway to get there with a cut of 25% in the carbon intensity of our investments by 2025 and of 60% by 2030; and Net Zero carbon emissions from our own operations and supply chain by 2030.  Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition and action at www.aviva.com/sustainability

·         While we are working towards our sustainability ambitions, we acknowledge that we have relationships with businesses and existing assets that may be associated with significant emissions. More information can be found at https://www.aviva.com/sustainability/climate/

·         Aviva is a Living Wage and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at https://www.aviva.com/about-us/our-people/

·         As at 31 December 2022, total Group assets under management at Aviva Group were £352 billion and our estimated Solvency II shareholder surplus is £8.7 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.

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Aviva Investors Global Services Limited

St Helen’s, 1 Undershaft, London, EC3P 3DQ

Phone          +44 (0)20 7809 6000

Fax                +44 (0)20 7489 7940

Web              www.avivainvestors.com

Email           info@avivainvestors.com

 

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 and a member of the Investment Association.

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