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 SICAVs Key Investor Information Documents library.
2023
16 March 2023 – Closure of the Climate Transition European Equity Fund
As advised in our advanced investor notice, the Climate Transition European Equity Fund closed on the 16th March 2023.
2022
8 June 2022 – Closure of the Aviva Investors European Equity Fund and the Aviva Investors European Equity Income Fund
As advised in our advanced investor notice, the Aviva Investors European Equity Fund and the Aviva Investors European Equity Income Fund closed on the 8th June 2022.
7 June 2022 – Closure of the Aviva Investors Emerging Markets Equity Small Cap Fund
As advised in our advanced investor notice, the Aviva Investors Emerging Markets Equity Small Cap Fund closed on the 7th June 2022.
31 May 2022 – SICAV transition to Article 8
Aviva Investors will transition specific sub-funds from Article 6 to Article 8 Funds in compliance with the European Commission’s Sustainable Finance Disclosure Regulation (or “SFDR”). This transition will be effective 1 July 2022 and was advised in the Notice to Shareholders on 31 May 2022 for Aviva Investors (SICAV) and 1 June 2022 for Aviva Investors Global (SICAV-SIF).
The investment process will now include binding ESG characteristics (ESG screens and sector exclusions), further integration of ESG considerations and the investment manager’s transition philosophy into investment decisions.
This change aligns with Aviva Investors’ long-standing investment philosophy and commitment to responsible investing. The changes will not affect the sub-funds’ stated investment objectives, the way they are managed or the overall risk profile.
For further information regarding these changes, please see the below documentation which includes the Notice to Shareholders, the SICAV Impact Assessment Matrix and an outline of Aviva Investors’ approach to Article 8.
Notice to Shareholders – Article 8 transition
25 February 2022 – Closure of the Aviva Investors - US Equity Income Fund
As advised in our advanced investor notice, the Aviva Investors - US Equity Income Fund closed on the 25th February 2022.
11 February 2022 – Closure of the Aviva Investors Sustainable Income and Growth Fund
As advised in our advanced investor notice, the Aviva Investors Sustainable Income and Growth Fund closed on the 11th February 2022.
9 February 2022 - Restructure of the Aviva Investors UK Listed Equity High Alpha Fund to the Aviva Investors UK Equity Unconstrained Fund
On 9th February 2022 the fund name was changed from Aviva Investors UK Listed Equity High Alpha Fund to the Aviva Investors UK Equity Unconstrained Fund. The change of name was to reflect a change in the management style and reflected in specific changes to the fund objectives and investment policy. Please see the latest KIID (Key Investor Information Document) and/or Prospectus for the most up to date Fund information.
3 February 2022 - for the Restructure of the Aviva Investors Emerging Markets Equity Income Fund to the Aviva Investors Global Emerging Markets Core Fund
On 3rd February 2022 the fund name was changed from Aviva Investors Emerging Markets Equity Income Fund to the Aviva Investors Global Emerging Markets Core Fund. The change of name was to reflect a change in the management style and reflected in specific changes to the fund objectives and investment policy. Please see the latest KIID (Key Investor Information Document) and/or Prospectus for the most up to date Fund information.
2021
31 March 2021 - Aviva Investors Multi-Strategy Fixed Income Fund
The Sub-Fund was liquidated with net proceeds returned to investors. Any liquidation proceeds which could not be distributed to shareholders were deposited on their behalf with the Caisse de Consignation in Luxembourg.
2020
Feb-20 - Aviva Investors SICAV fund range
Enhanced benchmark disclosures have been across the Aviva Investors SICAV fund range. These enhancements are in response to the revised Q&A released by ESMA in March 2019 which clarifies benchmark and past performance disclosure obligations for UCITS. They reflect how the funds are currently being managed. Please see the latest KIID (Key Investor Information Document) and/or Prospectus for the most up to date Fund information.
17 February 2020 - European Corporate Bond Fund
Change of benchmark from iBoxx € European Corporate Bond Index to Bloomberg Barclays Euro Aggregate Corporate Total Return Index. Current and historic performance data will be displayed against the new benchmark.
17 February 2020 - Global Aggregate Bond Fund to Global Sovereign Bond Fund
The fund has changed its benchmark from Barclays Capital Global Aggregate Index EUR hedged to Bloomberg Barclays Global Aggregate Treasuries Total Return Index Hedged EUR. The investment policy of the fund has also been updated and the fund will now mainly invest in sovereign bonds. Performance prior to the change will be shown against the old fund benchmark.
2019
No notable investment performance events in 2019.
2018
30 May 2018 - Aviva Investors European Corporate Bond Fund
Sub-delegation of Investment Management to Aviva Investors France.
30 May 2018 - Aviva Investors European Corporate Bond Fund
Change from commitment approach to Relative VaR (Value at Risk).
30 May 2018 – Aviva Investors Global Investment Grade Corporate Bond
Change from commitment approach to Relative VaR (Value at Risk).
30 May 2018 - Aviva Investors Short Duration Global High Yield Bond Fund
Change of investment policy by changing the Sub-Fund’s investment universe, i.e. from the Effective Date the Sub-Fund will generally invest in bonds that are rated below BBB- by Standard and Poor’s or Baa3 by Moody’s (opposed to primarily investing in bonds that are rated above CCC+ by Standard and Poor’s or Caa1 by Moody’s, as stated in the current version of the Prospectus), and by removing the sentence “The Sub-Fund may also invest up to 10% of total net assets (excluding liquidities) in securities rated CCC by Standard and Poor’s or Caa2 by Moody’s,” from the investment policy of the Sub-Fund.
30 May 2018 - Aviva Investors Multi-Strategy Fixed Income Fund
Change of investment policy to include ESG screen.
30 May 2018 - Aviva Investors Asian Equity Income Fund, Aviva Investors Emerging Markets Equity Income Fund, Aviva Investors Emerging Markets Equity Small Cap Fund, Aviva Investors Global Emerging Markets Index Fund, Aviva Investors Global Equity Endurance Fund and Aviva Investors Multi-Strategy Target Return Fund
Clarification of investment policy by specifying that the Sub-Funds may invest in China A-Shares through the Shanghai Hong Kong Stock Connect and through Shenzhen Hong Kong Stock Connect.
2017
10 July 2017 - Aviva Investors Global Convertibles Absolute Return Fund
Change of investment policy to add contracts for difference and total return swaps to the list of derivatives the Sub-Fund may use.
10 July 2017 – All SICAV Funds
Apply Registrat and Transfer Agency fees to the Class L, M and V share classes.
10 July 2017 - Aviva Investors Global Convertibles Fund
Sub-delegation of investment management to Westwood.
2015
1 October 2015 - Aviva Investors Global Convertibles Absolute Return Fund
Sub-delegation of Investment Management to Westwood.
16 February 2015 - Aviva Investors Emerging Markets Local Currency Bond Fund
Change from commitment approach to Relative VaR (Value at Risk).
16 February 2015 - Aviva Investors Global Convertibles Absolute Return Fund
Increase of level of leverage from 160% to 400% (but investment strategy and risk profile remain the same).
2014
1 October 2014 – All SICAV funds
Merger of C share classes into B share classes.
2012
1 September 2012 - Aviva Investors European Equity Income Fund
Change of investment objective/policy in order to specify that the aim is to achieve capital growth with a higher income than the indicative benchmark. The fund also changed name from Aviva Investors European Value Equity Fund to Aviva Investors European Equity Income Fund.
1 September 2012 - Aviva Investors Global Convertibles Absolute Return Fund and Global Convertibles Fund
Sub-delegation of investment management to Aviva Investors Americas.
30 January 2012 - Aviva Investors Global Aggregate Bond Fund
Change of investment objective/policy to add the reference to the investments in shares or units of UCITS or other UCIs.
2011
1 December 2011 – All SICAV funds.
Increase on Transfer Agency fee.
15 August 2011 - Aviva Investors Emerging Markets Equity Income Fund
Change of investment objective/policy to clarify the aim of the Sub-Fund is to achieve capital growth and income and change of name from Aviva Investors Emerging Market Equity Fund to Aviva Investors Emerging Market Equity Income Fund.
25 April 2011 - Aviva Investors Asian Equity Income Fund
Change of investment objective/policy to clarify the aim of the Sub-Fund is to achieve capital growth with a higher income than the indicative benchmark level of income.
2010
8 August 2010 - Aviva Investors Global Convertibles Absolute Return Fund
Increase on management and distribution fees.
2 August 2010 – All SICAV Funds
Delegation of Transfer Agency functions to the Royal Bank of Canada (RBC).
1 July 2010 – All SICAV Funds
Introduction of swing pricing methodology.
2009
1 June 2009 - Aviva Investors European Real Estate Securities Fund
Change of objective/investment policy, adding the following: The Sub-Fund may use derivatives for investment purposes by creating opportunistically both long and synthetic covered short positions with the aim of maximising positive returns. This will notably allow a more efficient risk budgeting while meeting the tracking error objective without additional or unwanted risk. Removal of the threshold of 51% of the earnings generated by listed companies from rental income and clarification on the use of warrants.
1 March 2009 - Aviva Investors Emerging Markets Local Currency Bond Fund
Change of objective/investment policy, adding the following: The Sub-Fund may use derivatives for investment purposes by creating opportunistically both long and synthetic covered short positions with the aim of maximising positive returns. This will notably allow a more efficient risk budgeting while meeting the tracking error objective without additional or unwanted risk.
1 March 2009 - Aviva Investors Emerging Markets Bond Fund
Change of objective/investment policy, adding the following: The Sub-Fund may use derivatives for investment purposes by creating opportunistically both long and synthetic covered short positions with the aim of maximising positive returns. This will notably allow a more efficient risk budgeting while meeting the tracking error objective without additional or unwanted risk.
1 March 2009 - Aviva Investors Asian Equity Income Fund
Change of benchmark (information only): will use the MSCI AC Asia ex Japan instead of the MSCI AC Far East ex-Japan as indicative benchmark for this Sub-Fund.
1 January 2009 - Aviva Investors Global High Yield Bond Fund
Change of name of the benchmark from Lehman Brothers Global High Yield Excl CMBS & EMG 2% Cap to Barclays Global High Yield Excl CMBS & EMG 2% Cap as a result of Lehman Brothers’ indices business being sold to Barclays.