Currently, the firm’s £250bn ($407.6bn) in assets spread across 15 countries globally includes a mere single digit percent contribution form Asia-Pacific.
“As we allocate more money and capital into this region and build our investment capabilities and products, that number would grow,” said Talbot, speaking in Singapore. “Over the next year, by June, I would like to have few more funds available for investors.”
“We are looking at a local currency fund, a China fund, and an Asia micro fund which would be on similar lines to our multi-asset strategy fund launched earlier.”
The company is already investing in the offshore Chinese money market and fixed income instruments, but would need an RQFII license to access the onshore Chinese capital markets.
“We are be interested in applying at some stage and taking that forward. But that has at least a six-month lead-time.”
In Hong Kong, the company has plans to expand on the distribution side, he said.
Euan Munro, chief executive, Aviva Asia added: “Clearly the UK is very important and a core market, but the growth comes from Asia, where there is strong economic growth and [domestic] savings.”
In Asia, the firm has £4.1bn in assets under management with S$9bn being managed from Singapore spread across fixed income, real estate and multi-asset solutions.
In terms of Asian asset class breakdown, 48% is in fixed income, 44% in property and 8% in money market segments, the firm said.
