OBSR suspends 'A' rating on Aviva Convertibles fund

OBSR has suspended its 'A' rating for Aviva Investors' $1.9bn Global Convertibles fund following the news manager Tom Wills is leaving.

Aviva says co-managers David Clott and Shawn Mato will continue running the fund when Wills leaves. OBSR says it "plans to speak to them in the near future to discuss their plans for the fund going forward". Adrian Jarvis, Aviva's global strategy director, says: "Clott and Mato have over 30 years' industry experience between them. "We expect a seamless transition due to the team's collective investment process, which has been employed over a number years." The fund made 52.4% since launching in 2002, including 28.7% in 2009 after it lost 28.3% the year before. Its managers sa...