Saturday 22nd October 2016                 Change text size:

Alliance Trust swoop in to take Aviva’s SRI team

Photo - ? via Flickr

Aviva Investors and Alliance Trust Investments today announced that they have entered into an investment-advisory agreement for Aviva Investors’ £1.2bn Sustainable and Responsible Investment (SRI) funds, to be implemented by 31 August 2012. At the same time, the Aviva Investors SRI team, headed by Peter Michaelis, is moving to establish an SRI capability for Alliance Trust Investments.

No Change for ‘Sustainable Future’ Range

The team will continue to provide investment advice for the current SRI funds under an investment-advisory agreement. Each of the funds will be managed with the same investment objectives and same investment process.

It is intended that full Authorised Corporate Director responsibilities for the seven OEIC funds will transfer to Alliance Trust Investments in early 2013, subject to legal and regulatory approval. For the Luxembourg fund, Aviva Investors is considering the long-term future of the fund structure and will contact investors once any plans are in place and agreed with the Regulator.

Read more on Blue & Green Investor

There are currently no comments.

Register with Blue and Green

To leave a comment on this article, fill in your details below to register, alternatively if you are already registered you can login here

Subscribe for our Newsletter

Time limit is exhausted. Please reload CAPTCHA.

A password will be e-mailed to you.