Clients benefit from our consistent approach of looking through market noise and taking a longer-term view. We invest based on company fundamentals with a rigorous focus on cash generation and valuation.
We look for investment ideas based on three stock characteristics (as described below) that recognise cash flow as the key driver of returns over the longer term, and that each company demonstrates a variety of attractive attributes at different stages of their corporate cycle and the broader economic cycle.
A-rated by Square Mile
The fund is A-rated by Square Mile. You can access their talking factsheet and fund snapshot here.
Consistency is a key feature. As well as being an attractive standalone proposition, it can serve as a complementary holding alongside more volatile UK equity funds.
For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.
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. Past performance is not a guide to future performance.
UK Listed Equity Income Fund team
Markets are often driven by fear and greed. We maintain a consistent approach to look through that noise to instead invest on company fundamentals and cash generation while always disciplined about valuation.
Our interactive fund centre is live
Explore our OEIC funds, analyse performance data and access key investor information using our interactive fund centre.
UK equities in focus
ESG: A driver for company change?
4 Aug 2020
Engagement with businesses can encourage positive change and also ensures ESG remains prevalent throughout the investment process, as Chris Murphy and James Balfour explain.
The art of cutting your losses
16 Jul 2020
Conviction on stock selection and the humility and discipline to learn from poor investment decisions is essential for long term returns. Chris Murphy and James Balfour explain how this works in practice.
Consistently active: Aviva Investors UK Listed Equity Income Fund
8 Jul 2020
UK equity income fund managers Chris Murphy and James Balfour describe their investment process and philosophy.
'Slow and steady': Is consistency the key to riding out the storm?
15 Jun 2020
Stocks are volatile, yet to generate long-term returns investors must ignore the market furore and abide by their investment discipline, according to Chris Murphy and James Balfour.
There is too much fear about the short-term outlook for UK equities
27 May 2020
So far, equity markets have borne the brunt of investors’ coronavirus-related concerns. In this Q&A, Chris Murphy explains why he thinks the reaction is over-blown in the UK and where he sees the opportunities and risks emanating.
Neglect ESG at your peril
28 Feb 2020
With the growing awareness of the climate crisis, some shares are viewed as more vulnerable. More investors are sensitive about owning them.
Rich pickings in an unloved market
8 Apr 2019
With valuations at multi-year lows and the UK out of favour with global investors, what’s the right approach for a UK equity income manager? Chris Murphy, manager of the Aviva Investors UK Equity Income Fund, says there are some rich pickings amid the volatility.
Learning from life and death: Ten years of equity income investing
5 Apr 2019
Key elements of success are admitting to errors, sharing information and asking the right questions. After 10 years at the helm of the UK Equity Income Fund, Chris Murphy shares his lessons learned.
Read more about the funds
Explore our equities range
Climate Transition Equities
A range of strategies investing in companies that can play a major role in the transition to a low-carbon world.
A diverse range of UK equity investment solutions backed by a highly experienced team of portfolio managers and a dynamic, forward-looking investment process.
Our range of global equity funds is underpinned by a robust, repeatable investment process to meet clients' objectives across capital growth and income.
Global emerging market equities
A range of strategies that offer investors specialist exposure to a rapidly growing asset class, with portfolios targeting income and smaller companies.
Flipside: Not all externalities are negative
4 May 2021
ESG factors have long been viewed as risk factors to manage. Giles Parkinson explores the flipside of this proposition, contending that positive externalities are an under-leveraged investment opportunity.
What does the data say? Vaccines, illiquidity and managers called Dave
26 Mar 2021
In the first of a new monthly series, we take a visual approach to illustrate topical data themes in economies, markets and beyond. This month we look at the correlation between stock market performance and vaccinations, the illiquidity premium in real assets, and whether there are still more men called Dave running funds than female managers.
Why it is getting harder to assess value in financial markets
19 Mar 2021
Massive intervention by central banks and governments in recent years has left investors struggling to value financial assets.
Levelling up: How COVID-19 is accelerating a digital revolution in construction and manufacturing
18 Mar 2021
The coronavirus pandemic has spurred companies to upgrade their digital capabilities, boosting productivity and creating investment opportunities in previously overlooked niches.
The new struggle for global supremacy could disrupt financial markets
17 Mar 2021
China’s economic rise threatens US supremacy and the global economic and financial order built up since 1945.
Cut it out! The complex quest to decarbonise heating
16 Mar 2021
More countries are contemplating their visions for a lower carbon world. Norway has excluded fossil fuels entirely for heating buildings, while others are taking a more nuanced approach. So, what are the options for those with environment at the heart of their agenda?
Zero rates: Too much of a good thing?
9 Mar 2021
The inexorable rise in asset prices caused by the seemingly never-ending era of monetary easing is calling into question long-held investment beliefs, as members of our multi-asset & macro and equities teams explain.
From crisis comes opportunity: What’s normal now?
2 Mar 2021
Big challenges bring us the opportunity to think differently. Our investment teams reveal what they have learnt from COVID-19, and how they are preparing to face whatever ‘normal’ emerges in a post-pandemic world.
Pixie dust and demon dust: The little things that make a big difference in equity markets
19 Feb 2021
To gain an accurate picture of a company’s long-term prospects, investors must pay close attention to the details, says Giles Parkinson.
When it comes to emerging markets, small is beautiful
17 Feb 2021
With concentration increasing in major emerging market indices, small cap companies can offer investors welcome diversification, says Will Ballard.
Weather shifts and white elephants: How climate risk is moving the goalposts for emerging market investors
10 Feb 2021
Droughts and water shortages used to be associated with the world’s poorest countries. Now middle-income economies are suffering the effects of extreme weather too, with significant implications for investors, says Will Ballard.
The AIQ Podcast: The future of the internet
9 Feb 2021
Commercial and geopolitical forces are threatening to fracture the internet. In this episode of the AIQ podcast, we explore the implications for investors.
EM equities: Will Chinese regulators tear down the house that Jack built?
5 Feb 2021
In late 2020, Chinese authorities announced an antitrust investigation into e-commerce giant Alibaba and halted the IPO of its financial services affiliate, Ant Group. Alistair Way looks at the implications for investors in Chinese tech.
The COVID Nudge
28 Jan 2021
In these data visualisations, we look at whether COVID-19 will achieve something that millions spent on public health campaigning has failed to do.
What a carve up! The future of the internet
22 Jan 2021
Commercial and geopolitical forces are threatening to fracture the internet into competing regimes, making it harder for companies to operate across borders and potentially limiting their growth. We explore the implications for investors.
The tough arithmetic of #neversell stocks
19 Jan 2021
Over recent years, a group of established companies have traded at relatively high valuations for their robust competitive advantages and consistent growth records. But in a competitive economy, investors should not assume this will continue indefinitely, warns Giles Parkinson.
1. Chris Murphy started managing the Aviva Investors UK Listed Equity Income Fund on 17 April 2009.