Aviva Funds, the Luxembourg domiciled fund range of the Aviva group, has obtained authorisation from the Czech Securities Commission to distribute 24 of its sub-funds to private investors in the Czech Republic.
Aviva Funds, the Luxembourg domiciled fund range of the Aviva group, has obtained authorisation from the Czech Securities Commission to distribute 24 of its sub-funds to private investors in the Czech Republic.
Aviva Funds has appointed Ceska sporitelna as paying agent and contact bank in the Czech Republic on behalf of the SICAV. At the same time, Aviva Funds has signed a further agreement with Ceska sporitelna as appointing them to act as distributor of Aviva Funds SICAV in the Czech Republic.
Commenting on the authorisation, Robert Woolf, head of European sales for Aviva Funds, said: "The Czech Republic offers many exciting distribution possibilities as it prepares for accession to the European Union. It is a market that has been a focus for many financial institutions, both from Europe and from the US, over recent years. We are delighted that we have obtained authorisation to distribute 24 of our funds in the Czech Republic, in partnership with Ceska sporitelna. This marks an initial success in our strategy to broaden the distribution of Aviva Funds in the EU accession countries."
Rafal Kwiatkowski, regional manager Central & Eastern Europe for Aviva Funds based in Poland, added: "We are entering one of the most attractive markets of the EU accession countries which has a high level of savings and the longest history of distribution of foreign funds in the region. "
- Aviva Funds is the Luxembourg-domiciled SICAV of the Aviva Group and comprises 28 sub-funds. The Aviva Funds range includes a European Convergence Equity Fund, which invests in the countries that have been approved to accede to EU membership on 1 May 2004, and up to 20% of its assets in Western European companies with exposure to the EU accession countries. The sub-fund is managed by Morley Fund Management Limited, the asset management arm of the Aviva Group and has achieved positive performance of 52.34% over the 12 months to 31.03.04.
-ends-
For further information:
Stephen Roberts, Head of European Retail Marketing
tel: +352 40.28.20.319
fax: +352 40.83.58.319
e-mail: stephen.roberts@avivafunds.com
mobile: +352 021.265.61
Notes to editors:
- The content of this document is intended for institutional investors and professional advisers only. Private clients and scheme members should seek professional advice before making an investment decision.
- The following sub-funds have been authorised for distribution in the Czech Republic. AVIVA FUNDS –
- GBP Reserve Fund
- USD Reserve Fund
- Global AAA Bond Fund
- European AAA Bond Fund – Long term
- European AAA Bond Fund – Short term
- European Corporate Bond Fund
- Global Balanced Fund
- Global Convertibles Fund
- American Equity Fund
- European Equity Fund
- French Equity Fund
- Global Equity Fund
- Italian Equity Fund
- Japanese Equity Fund
- Nordic Equity Fund
- Spanish Equity Fund
- UK Equity Fund
- European Convergence Equity Fund
- European Property Fund
- European Smaller Companies Equity Fund
- European Value Equity Fund
- European Socially Responsible Equity Fund
- Global Socially Responsible Equity Fund
- Global Themes Equity Fund
- Aviva Funds is the Luxembourg domiciled investment fund of the Aviva Group with 28 sub-funds ranging from lower risk money market and bond funds through international and regional equity funds to more speculative single country and theme funds.
- Morley Fund Management Limited is the Investment Manager of Aviva Funds and is a member of the Norwich Union Marketing Group, members of which are authorised and regulated in the UK by the Financial Services Authority for life assurance, pensions and investments. Morley Fund Management Limited is an Aviva company.
- Aviva is one of the leading providers of life and pensions to Europe with substantial positions in other markets around the world, making it the world’s seventh-largest insurance group based on gross world-wide premiums.
- Aviva’s principal business activities are long-term savings, fund management and general insurance, with world-wide premium income and retail investment sales from continuing operations of £30 billion and assets under management of more than £240 billion as at 31 December 2003.