Aviva has launched an additional fund on its Governed Portfolio range, managed by Morningstar, to offer advisers an income investment option.
The launch, which marks the first anniversary of the range, is aimed at providing income and capital preservation, rather than just growth characteristics. Aviva's Governed Portfolios range consists primarily of passive funds in order to keep costs low, although active funds are also available. At launch, the range consisted of five risk-based multi-asset portfolios, with ongoing charges capped at 0.5%. The portfolios were launched to cover the risk spectrum from cautious to adventurous, using the range of assets available through the Aviva platform. Tim Orton, CEO Aviva Advise...
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