Aviva Investors expands Fixed Income range with three new funds

25 June 2026

(London) - Aviva Investors, the global asset management business of Aviva plc, has announced the launch of three new Fixed Income strategies, designed to provide tailored solutions to client demands, amongst an increasingly complex investment landscape. 

  • The three new funds (Global Hybrid Bond, Senior ABS Income, Global Unconstrained Credit) will build upon the firm’s existing product suite.
  • This expansion of the firm’s product offering comes as a result of growing client demand, and an ongoing evolution in the role of Fixed Income solutions. 
  • The design of the new strategies has drawn on insight from our established Multi-asset income and retirement approaches.

The three new strategies are:

Global Hybrid Bond Fund: Aimed at providing enhanced income by investing primarily in hybrid bonds issued by global issuers.

Senior ABS Income Fund: Designed to deliver income by investing in a diversified portfolio of high-grade, liquid asset backed securities.

Global Unconstrained Credit Fund: A flexible fixed income strategy with the freedom to invest across the global credit opportunity set.

The team believe the fixed income world, and the role that it plays within client portfolios, has materially changed over recent years. Previously a defensive allocation and a source of stable income alongside growth-focused assets, fixed income is playing an increasing role across client portfolios. As a result, fixed income assets can now carry a much greater share of the responsibility for delivering client outcomes.

All three strategies have drawn on insights from our established Multi-asset team’s thinking on income and retirement, to ensure they are aligned with real‑world portfolio construction and asset allocation needs. The funds are designed to support evolving investor requirements, most notably the growing demand for dependable income and portfolio stability across different market environments.

While all three funds will have a lead portfolio manager, each strategy will leverage the experience from across the fixed income portfolio management team, utilising a team centric approach. The Hybrid Bond Fund will be led by Justine Vroman (Senior Portfolio Manager). Whilst this marks the firm’s first dedicated hybrid bond fund, the investment team already have a strong knowledge of the space and notably have exposure to hybrid assets across various other existing fixed income strategies. This launch formalises that expertise and offers a standalone solution for a part of the market that the team believe is set grow over the coming years and could yield significant investment opportunities.

The Senior ABS Income Fund will be led by Todd Cutting (Senior Portfolio Manager and Head of Enhanced Liquidity). As with the Global Hybrid Bond Fund, Aviva Investors already operates in the ABS asset class within its existing fund range, but this new product will bring together the firm’s structured finance expertise into a single strategy.

The Global Unconstrained Credit Fund will be led by Chris Higham (Senior Portfolio Manager and Head of Multi Sector Credit). This is the first global unconstrained credit offering to be launched by the firm, and is a high conviction, credit premia focused strategy with the freedom to invest across the full opportunity set and move quickly as markets shift.

The strategies will be informed by the various fixed income matrix pods framework that enables the team to share ideas and gain macro credit insights, maximising the usage of talent from across the wider team. The three new strategies will all be launched as Luxembourg UCITS SICAV Funds.

Fraser Lundie, Global Head of Fixed Income at Aviva Investors, said:

“We’re hugely pleased to be able to take this new suite of strategies out to market, expanding upon on existing product offering to end clients, as we seek to provide increasingly tailored fixed income solutions. The fixed income marketplace has undergone vast change over recent decades, with the current landscape one of increased complexity, but also increased responsibly in terms of the role the asset class plays within broader asset allocations. It is therefore our duty to develop customised solutions that can provide clients with the resilient income that they are seeking from their fixed income exposure.

“We have benefited from the allocator viewpoint of our Multi-asset colleagues in the development process of these strategies – this insight can help us to support clients’ growing income and stability requirements within a changing market environment over the coming decades.”

For more information contact:

Steve Ainger

Head of Media Relations

Laura Cocker

Media Relations Manager

James Morgan

Media Relations Manager

Thomas Green

Media Relations Manager

Important information

Key Risks

Investment/objective risk: The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.

Convertible securities risk: Convertible bonds can earn less income than comparable debt securities. They can also earn less growth than comparable equity securities, and carry a high level of risk.

Counterparty Risk: The Strategy could lose money if an entity with which it does business becomes unwilling or is unable to meet its obligations to the Strategy.

Credit and interest rate risk: Bond values are affected by changes in interest rates and the bond issuer's creditworthiness. Bonds that offer the potential for a higher income typically have a greater risk of default.

Currency risk: The strategy is exposed to different currencies. Derivatives are used to minimise, but may not always eliminate, the impact of movements in currency exchange

rates.

Derivatives risk: 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. Derivatives can have some degree of unpredictability (especially in unusual market conditions), and can create losses significantly greater than the cost of the derivative itself.

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

Interest Rate Risk: When interest rates rise, bond values generally fall. This risk is generally greater for longer-term bonds and for bonds with higher credit quality.

Leverage Markets Risk: A small price decline on a "leveraged" underlying investment will create a correspondingly larger loss for the Strategy. A high overall level of leverage and/or unusual market conditions could create significant losses for the Strategy.

Market risk: Prices of many securities (including bonds, equities and derivatives) change continuously, and can at times fall rapidly and unpredictably.

Sustainable Investing Risk: The level of sustainability risk to which the Strategy is exposed, and therefore the value of its investments, may fluctuate depending on the investment opportunities identified by the Investment Manager.

Operational risk: Human error or process/system failures, internally or at our service providers, could create losses for the Strategy.

About 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 9 countries in Asia Pacific, Europe, North America and the United Kingdom with £262 billion in assets under management as at 31 December 2025.

Important information

Unless stated otherwise any 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 personalised advice of any nature. This document should not be taken as a recommendation or offer by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. The legal documentation and the subscription documents should be read before an investment is made. Portfolio holdings are subject to change at any time without notice and information about specific securities should not be construed as a recommendation to buy or sell any securities.

For Investors located in EU/EEA countries, the Prospectus and Key Information Document (‘KID’), as well as the latest annual and semi-annual reports of Aviva Investors SICAV are available, free of charge from the registered office of the fund located at 2 rue du Fort Bourbon .L-1249 Luxembourg, Grand Duchy of Luxembourg, or from www.eifs.lu/aviva-investors. The Prospectus is available in English. Where a sub-fund of Aviva Investors SICAV is registered for public distribution in a jurisdiction, a KID in the official language of that jurisdiction will be available.

For investors located in France the Fund documentation is also available at the registered office of the local centralised agent: BNP Paribas Securities Services, 3 rue d’Antin, 75002 Paris, France.

For investors located in Italy, the Fund documentation is available at the following local paying agents’ offices:

  • Allfunds Bank S.A.U, Milan Branch, via Bocchetto, 6, 20123 Milan, Italy
  • Société Générale Secrities Services S.p.A, Via Benigno Crespi 19/A, 20159 Milano, Italy
  • Banca Monte dei Paschi di Siena S.p.A., Piazza Salimbeni 3, 53100 Siena SI

For investors located in Spain, the Fund documentation is available at the office of Allfunds Bank S.A.U., Calle de los Padres Dominicos 7, 28050 Madrid, Spain. For investors located in Switzerland, the Fund documentation is available at the Swiss representative’s office BNP PARIBAS, Paris, Zurich branch, Selnaustrasse 16, 8002 Zurich, Switzerland. For Investors located in United-Kingdom, the Fund documentation is also available at the UK facilities agent registered office: Aviva Investors Global Services Limited, 80 Fenchurch Street, London, EC3M 4AE, United Kingdom.

Where relevant, information on our approach to the sustainability aspects of the fund and the Sustainable Finance disclosure regulation (SFDR) including policies and procedures can be found on the following link: https://www.avivainvestors.com/en-gb/capabilities/sustainable-finance-disclosure-regulation/

In Europe this document is issued by Aviva Investors Luxembourg, acting as the Management Company of the fund, with its registered office located 2 rue du Fort Bourbon, L-1249 Luxembourg, Grand Duchy of Luxembourg. Aviva Investors Luxembourg is supervised by the Commission de Surveillance du Secteur Financier, R.C.S Luxembourg B25708. In the UK this document is issued by Aviva Investors Global Services Limited, registered in England and Wales No. 1151805, with its registered office located at 80 Fenchurch Street, London, EC3M 4AE. Aviva Investors Global Services Limited is authorised and regulated by the Financial Conduct Authority. Firm Reference No. 119178.

In Switzerland, this document is issued by Aviva Investors Schweiz GmbH.