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Alliance Trust swoop in to take Aviva’s SRI team
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.
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