The Aviva Investors Multi-Asset Funds I and III are intended to be suitable for defensive investors and moderately cautious investors respectively and will be available from 6 February.
Aviva’s existing three multi-asset funds, which were previously labelled cautious, balanced and adventurous, will now be renamed Multi-Asset Funds II, IV and V.
The investment objectives and policies of the existing funds in the range remain unchanged, despite the move away from descriptive labels to a numbering convention.
John Clougherty, chief executive for Aviva Investors, said: "With the retail distribution review due to be implemented later this year, financial advisers have an even greater responsibility to consider their clients’ attitudes to risk, and to ensure that the products they recommend adhere to appropriate risk parameters.
"With these two new funds we can now offer advisers a truly comprehensive multi-asset fund range, which is designed for the post-RDR world and which provides a simple solution for investors whatever their risk profile.
The two new funds will be managed by Justin Onuekwusi who already has responsibility for the three existing funds, alongside his multi-asset team.
His approach is an unconstrained one and the funds can invest across the globe. For this reason, the funds are listed within the IMA Specialist Sector to avoid the prescribed investment constraints of the managed sectors.
The two new funds will launch as UK-domiciled Oeics with an AMC of 1.25% for the retail share class and 0.75% for the RDR-friendly share class.
