Aviva Investors UK Equity Income - Under Review

FUND RESEARCH UPDATE: Morningstar Analyst Rating moved to Under Review

Morningstar Analysts 20 June, 2016 | 7:47PM
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Following the announcement of changes to Aviva’s equities desk, we are placing the Aviva Investors UK Equity Income fund Under Review. Roughly six months after joining the group, Simon Young is leaving the business by mutual agreement. Young, an experienced fund manager, joined the UK equities team as co-manager on the Aviva Investors UK Equity fund, and was working closely alongside lead manager Chris Murphy on this product. Given Murphy’s increased responsibilities as global head of equities, we felt that Young’s arrival was meaningful in terms of lessening the workload and providing extra resource. Junior team member James Balfour has now been promoted to portfolio manager and appointed co-manager on this fund, while head of UK equities Trevor Green has been pappointed co-manager on the Aviva Investors UK Equity fund. While we continue to have a high regard for Murphy, we would like to better understand the impact of the changes and have arranged a meeting with the manager accordingly. Until then, the fund is placed Under Review.

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