The £366m fund managed by Henry W Sanders III and Thomas S Forsha of subsidiary firm River Road Asset Manager and was launched in 2011. Its performance over the past year is shown in the graph below.
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The firm is launching a new fund in September for those investors keen to invest in the dividend all cap strategy, subject to FCA approval.
The Aviva Investors US Equity Income Fund II will aim for a dividend yield 1.5% above the Russell 3000 Value Index, and will mainly invest in equity securities with a minimum cap of $1bn listed on North American stock exchanges.
Jeremy Leadsom, sales director for UK financial institutions at Aviva Investors, said: “We remain committed to offering a geographically diversified equity income portfolio, and plan to launch a new US-focused fund in early September. The new strategy will have a greater large cap bias than its predecessor and will be less constrained while at the same time offering marginally lower volatility.”
Last week the firm hired Abigail Herron as head of engagement.
