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Below you can find any events that we believe would potentially have changed the investment performance of our funds over the past 10 years. Investment performance may be found in the Key Investor Information Documents for each of the funds – accessible via the fund centre.
The Aviva Investors UK Property Fund, the Aviva Investors UK Property Feeder Inc Fund and the Aviva Investors UK Property Feeder Acc Fund (the “Funds”) temporary suspension of dealing
Covid19 has impacted the UK property market and made it difficult to value that property with the same degree of certainty as would otherwise be the case .As a result, the Standing Independent Valuer has advised us that there is currently material valuation uncertainty for all direct property assets within the portfolio.
This challenges our ability to calculate the price used to buy and sell shares/units in the Funds, and we believe there is a material risk that investors may buy and sell shares/units at a price which does not fairly reflect the value of those shares/units. If we allow dealing to continue some investors may be advantaged at the expense of others.
Consequently, Aviva Investors UK Fund Services Limited has taken the decision to temporarily suspend all dealing in the Funds with effect from 12 noon on the 18th March 2020. The decision has been made to safeguard the interests of investors and has been agreed with the depositary of the Funds, J.P. Morgan Europe Limited.
Suspension of dealing means we cannot accept instructions to buy, sell, transfer, switch or exchange shares/units in the Funds until further notice.
7 August 2019 - Aviva Investors UK OEIC fund range
On 7 August 2019, several changes/clarifications were made across our UK fund range. We changed the way we describe the Investment Objectives and Policies of our funds to ensure that all the information we provide about our funds is as clear and appropriate as possible. We have also made several fund specific changes to the fund objectives and Benchmarks. Please see the latest KIID (Key Investor Information Document) and/or Prospectus for the most up to date Fund information. For further information regarding these changes please visit our Asset Management Market Study page.
2 January 2019 - Aviva Investors UK Listed Small and Mid-Cap Fund
On 2 January 2019, the fund name was changed from Aviva Investors UK Growth Fund to the Aviva Investors UK Listed Small and Mid-Cap Fund. The change of name was to reflect a change in the management style of the fund, to focus on growth opportunities which exist in smaller and medium sized companies and a reduction of the proportion of the fund made up of the UK’s largest companies. To reflect the new focus of the fund, the FTSE® 250 ex Investment Trusts Index has been selected as an appropriate benchmark against which to compare the fund’s performance and risk measurement. Due to these changes, prior to 2 January 2019 the fund had different characteristics.
18 August 2017 – Aviva Investors UK Property Fund (the PAIF)
On 18 August 2017 Aviva Investors Property Trust (the Trust) converted to a Property Authorised Investment Fund (PAIF) adopting the same strategy as the Trust. Past performance shown prior to this date relates to the same Unit Class of the Trust, with the exception that Share Class 6 of the PAIF reflects the past performance of Unit Class 4 of the Trust. Past performance of the Trust is shown, as on conversion, the assets of the Trust were transferred to the PAIF.
18 August 2017 – Aviva Investors UK Property Feeder Acc Fund, Aviva Investors UK Property Feeder Inc Fund
On 18 August 2017 Aviva Investors Property Trust (the Trust) converted to a Property Authorised Investment Fund (PAIF) adopting the same strategy as the Trust. On conversion, the assets of the Trust were transferred to the PAIF and investors who were unable to, or did not wish to, invest directly in the PAIF received units in the Feeder Funds. As the Feeder Funds in turn (with the exception of cash balances) invest solely in the PAIF, past performance prior to 18th August 2017 relates to the same Unit Class of the Trust, with the exception that Unit Class 6 of the Feeder Funds reflects the past performance of Unit Class 4 of the Trust. From 18th August 2017 until 31st December 2017 past performance of the Feeder Funds reflected the past performance of the same share class of the PAIF.
October 2016 – Aviva Investors Multi-Strategy Target Return Fund Share Class 3
Increase of annual management charge (AMC) from 0.10% to 0.67% on 24 October 2016. Performance figures prior to this change will reflect the lower AMC.
April 2013 – Aviva Investors Global Equity Income Fund
Fund name change from Aviva Investors World Leaders to Aviva Investors Global Equity Income Fund. Change of investment strategy which moved the Fund from a global equity growth to a global equity income strategy. The currency hedged peformance indicator was removed and the annual management charges were moved from being taken from the income of the Fund to the capital element of the Fund.
August 2011 – Aviva Investors Multi-Manager 40-85% Shares Fund, Aviva Investors Multi-Manager 20-60% Shares Fund, Aviva Investors Multi-Manager Flexible Fund
Change of Fund Investment Adviser from FundQuest to Aviva Investors.
October 2010 – Aviva Investors European Property Fund
The domicile of the Fund was changed from Luxembourg to the United Kingdom.