Aviva Investors Expands Global Equity Offering With Two Unconstrained Funds

The Aviva Investors Global Equity Unconstrained fund will be managed by head of global equities Mikhail Zverev with a concentrated, style-agnostic portfolio of stocks where the global equity team has high conviction and a positive non-consensus view.

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Zverev explained that the fund will invest in companies where the global equities team believes "the changing fundamentals of the business are mispriced and can offer strong return potential for our clients".

He added: "Due to our belief that market inefficiency is not confined to one particular investment style, we will look for ideas across style categories and through thorough and collaborative research, will pursue opportunities wherever they take us."

Managed by head of emerging market equities Alistair Way, the Aviva Investors Global Emerging Market Equity Unconstrained fund uses a similar approach and seeks to "capture the unique blend of opportunities that exist across emerging markets", the firm said.  

Way highlighted "structural change and the emergence of new sectors giving great potential for well-positioned companies" in emerging markets, adding that "equity market inefficiencies give us significant scope to exploit mis-pricing".

He said: "We look for ideas across a broad universe without being constrained by style bias. 

"Through a forward-looking and globally-connected approach, we will look to give investors exposure to what we see as the best opportunities through a diversified portfolio."

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CIO of equities at Aviva Investors David Cumming said: "The launch of these funds is part of the continual evolution and strengthening of our equity proposition and investment team.

"These new style-agnostic high active share strategies are complementary to other global and emerging market equity funds we offer clients and draw on the expertise of a highly experienced and effectively connected investment team and research base."