Aviva merges manager of manager range into multi-asset suite

Aviva Investors has merged three manager of manager funds into its multi-asset portfolios.

The group, which has failed to attract substantial inflows into the manager of manager range, has merged its £11m MoM Cautious fund into the £6.2m Aviva Investors Cautious Multi-asset fund. Meanwhile, the £18.7m Balanced fund has merged into the £8m Balanced Multi-asset fund, while the £10.3m MoM Growth fund has become part of the £1.5m Aviva Investors Adventurous Multi-asset fund. The merger is scheduled to go through on 1 July after being approved by shareholders in an EGM on 16 June. The group is also reviewing the £0.9m MoM Income fund, but said it does not have a multi-asset e...