Aviva changed the basis for pricing its Irish Property Fund from a “disposal basis” to an “acquisition basis”. This change resulted in a 5% uplift in the unit price in June. This change in pricing basis has been made as a result of Aviva having experienced a pattern of positive cashflow to these funds over the past number of weeks.

The closing date of the Aviva Irl Fixed Medium Term Deposit Fund - Issue 15 has been extended to 31 July 2013.  This fund provides a fixed return of 18.75% gross at 31 May 2018. This is equivalent to 3.5% gross AER, which is attractive in the current environment of falling interest rates.

Our stand out performer in June was the Aviva Irl BlackRock European Absolute Return Fund.  In June the fund was up 1.5%, it's up 2.64% year-to-date and 4.42% over one year.  Our high yield equity fund has generated solid returns up 8.18% year-to-date and 12.16% over one year.