Aviva Investors has launched a SICAV fund based on its global equity income strategy.
The fund, which will be available to investors in Singapore and select European regions, follows increased demand among investors for equity income solutions due to high inflation, Aviva said.
The fund uses a high-conviction philosophy with the aim of delivering income and capital growth over the long term by investing in companies that pay sustainable and growing dividends.
The fund is benchmarked against the MSCI All Country World index.
The main difference between the new fund and the existing strategy is that the new fund will use listed covered call options and put options on 20% of the assets under management with the aim of achieving an income uplift.
The existing strategy it is modelled on has been managed by Richard Saldanha since November 2013. He is supported by Matt Kirby, co-portfolio manager.
“We are delighted to announce the launch of the Global Equity Income SICAV. In the current economic environment, there has been a growing demand for income-generating investment solutions. As such, we are pleased to now be able to offer this product to a wider audience and help investors to achieve their goals,” said Jill Barber, global head of sales and distribution.
“We are looking forward to building on the strong track record we have delivered for clients over the past decade with the launch of the SICAV. It is firmly our belief that the current opportunity set for investors seeking companies offering resilient and growing income is compelling. By focusing outside of traditional income sectors, we seek to maximise this opportunity both from an income and capital growth standpoint,” said Richard Saldanha.
