Dear broker,

Thank you for your support this year.  As I reflect on the year here are some of the areas where we have made significant progress:

  • We witnessed strong growth across all our savings, investments and pensions’ products.
  • We spent significant time reconsidering our fund range, making it more straightforward, easier to choose from and easier to understand.   Click here for our customer brochure on our new fund range.
  • We delivered strong fund performance for your customers across our focus funds. For example our High Yield Equity Fund is Ireland’s No. 1 Equity Fund over one year, three years, five years and 10 years (source: MoneyMate Longboat Analytics 17 December 2015 based on performance to 15 December 2015).

 

Of course, our stand out performer for the year was the Aviva Investors Multi-Strategy (AIMS) Target Return Fund, the fund:

  • Grew to over €150m in assets under management (source: Aviva 27 November 2015).
  • Won the Pensions Innovation Award at the Irish Pensions Awards.
  • Delivered strong risk adjusted returns for our customers.

AIMS Target Return Fund delivers strong risk adjusted returns - Launch (22 October 2014) – 11 December 2015

Fund

Performance

Ann

Std Dev

Max Drawdown

VaR Level

Ann Sharpe

Aviva AIMS Target Return Fund

8.42%

4.69

-2.90%

-0.97%

1.19

New Ireland BNYM Global Real Return S10

5.11%

6.48

-5.35%

-1.27%

0.44

Standard Life Synergy GARS

6.66%

6.18

-4.74%

-1.15%

0.75

Source: MoneyMate Longboat Analytics 17 December 2015. Based on gross performance so excludes the impact of charges and tax. Based on weekly data. Std Dev is an abbreviation for standard deviation. Ann is an abbreviation for annualised.

Warning: Past performance is not a reliable guide to future performance.


We wish you continued success in the New Year and look forward to working in partnership with you in 2016. Wishing you and your family a Happy Christmas.


Kind regards,

Karen

Karen Deenihan | Investment & Savings Marketing Manager | 087 9116649 | karen.deenihan@aviva.com 

 

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Improving the transparency of charges in your customer's annual benefit statements

Your customers will shortly receive their annual benefit statements.  We are amending the illustrated fund management charges for your customers' funds to reflect Collective Investment Vehicle (CIV) charges where a fund has exposure to such a fund.

Where a fund invests in another fund, additional charges may apply which may vary depending on the specific investments in each fund. The Annual Fund Management Charge now shown includes the fund management charge applied by Aviva and also an estimate of any additional charges associated with the underlying investments of the fund. The estimated additional charges are based on recent available expense data for the investments and may change in the future.


It's important to note that the fund management charge applied by Aviva on your customers' policies has not changed.  It is merely the fund management charge shown on benefit statements as well as that used to determine the projected value of a policy that has changed. 
Q&A
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Our UK Property Funds have switched to disposal pricing

On Monday 14 December 2015 a decision was taken by Aviva Investors UK Fund Services Limited (Aviva Investors) to switch the Aviva Investors Property Trust from an offer-price basis to a bid-price basis following a trend of negative net cash flows.

Our UK Property Funds invest in the Aviva Investors Property Trust.  The change in the pricing basis of the Aviva Investors Property Fund led to a decline of between 5.2-5.3% across Aviva’s UK property funds available to Irish customers. 

When the fund is experiencing generally positive net daily cash flows, for anyone redeeming units, the Manager is effectively able to “sell” their holding to new investors, thus being able to offer terms to exiting investors that do not reflect the costs involved with transacting in the property market. The fund has recently experienced fewer inflows than outflows and as a result it has not been possible to match sellers coming out with buyers going in. Therefore it may be necessary to cancel units in the fund to meet redemptions. When this occurs, the bid-price (the price investors receive when selling units) must be equal to the cancellation price to protect the interests of remaining investors.  
Q&A
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What's new this month

Our new fund range

Aviva Investors' Global Economic outlook 2016

Global Economic Outlook webinar playback

AIMS Target Return Fund support

Multi Asset Funds

Irish Property

High Yield Equity
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