The firm said it has swapped master agents in Taiwan, appointing CTBC Investments.
CTBC will distribute Aviva’s 11 public registered SICAV funds from 1 August.
Previously, the distribution was handled by First Capital Management.
Kevin Talbot, chief executive of Asia Pacific, believes Taiwan holds “significant opportunity” for the firm.
“Our new partnership with CTBC Investments will allow us to leverage the local skill and broad scale of one of the leading financial institutions in Taiwan, as well as capitalise on the growth in wealth in Taiwan.”
According to the Credit Suisse Global Wealth Report 2014, Taiwan’s total private wealth in 2014 was $3.4trn. Around 40% of adults in Taiwan have wealth over $100,000, more than four times greater than the worldwide average of 9%.
“The composition of household wealth is skewed towards financial assets, which comprise 62% of total assets,” the report said.
Aviva estimates Taiwan’s total offshore fund market to be valued at $106bn, with $32bn of that invested in high-yield strategies.
The firm recently launched a multi-strategy fund in Australia, FSA reported earlier.
