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Aviva Investors (various funds) change details

Aviva Investors UK Equity Income

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group AVIVA Investors 
Fund Name Aviva Investors UK Equity Income
Type of change Name & Objective Change
Date change effective from 7 August 2019
Is the event subject to shareholder approval? No
2. Name change details  
Previous fund name Aviva Investors UK Equity Income
New fund name Aviva Investors UK Listed Equity Income
3. Fund objectives  
Previous fund objective To achieve a dividend yield above that obtainable on the FTSE All Share Index by investing principally in UK equities judged to offer high yield, above average prospects of dividend growth and long term capital growth.
New fund objective To deliver an income return of at least 110% of the income return of the FTSE All Share Index over any given 12-month period, whilst also aiming to  grow your investment over the long term (5 years or more) by investing in shares of UK companies.
At least 80% of the fund will be invested in shares of UK companies or non UK companies which are listed in the UK or which have significant trading activities in the UK.

 

Aviva Investors UK Property Feeder

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual Wealth Life Assurance Limited
Professional Life Assurance Limited
Fund Group AVIVA Investors 
Fund Name Aviva Investors UK Property Feeder
Type of change Objective change
Date change effective from 7 August 2019
Is the event subject to shareholder approval? No
2. Fund objectives  
Previous fund objective To obtain returns via income and capital appreciation. The fund will invest solely in the Aviva Investors UK Property fund with the exception of cash balances which may also be held for the purposes of maintaining sufficient liquidity to enable the fund to meet its commitments, such as expenses and redemptions.
New fund objective To provide a combination of income and growth over the long term (5 years or more), through exposure to UK property.  The fund will be invested solely in the Aviva Investors UK Property Fund (the “Master Fund”) other than cash and deposits, which will only be held to ensure that the fund can meet its payment obligations.

 

Aviva Investors UK Smaller Companies

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group AVIVA Investors 
Fund Name Aviva Investors UK Smaller Companies
Type of change Objective change
Date change effective from 7 August 2019
Is the event subject to shareholder approval? No
2. Fund objectives  
Previous fund objective To provide long-term capital appreciation through investment principally in smaller capitalisation UK equities judged to offer prospects of above average earnings growth.
New fund objective To grow your investment over the long term (5 years or more) by investing  in shares of small UK companies.  At least 80% of the fund will be invested in shares of smaller companies domiciled or incorporated in the UK.

 

Aviva Investors Continental European Equity

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group AVIVA Investors 
Fund Name Aviva Investors Continental European Equity
Type of change Objective change
Date change effective from 7 August 2019
Is the event subject to shareholder approval? No
2. Fund objectives  
Previous fund objective To achieve long term capital appreciation, by diversified investment within and across European equity markets.
New fund objective To grow your investment over the long term (5 years or more) by investing in shares of European companies.  At least 80% of the fund will be invested in shares of European companies (excluding companies in the UK).