In a context of slowing euro fund performance, Aviva France, a major player in life insurance and long-term savings, fund management and general insurance, announces the launch of Aviva Rendement Oblig 2020, a “buy and hold” bond fund, whose investment period and yield target are known in advance.
In a context of slowing euro fund performance, Aviva France, a major player in life insurance and long-term savings, fund management and general insurance, announces the launch of Aviva Rendement Oblig 2020, a “buy and hold” bond fund, whose investment period and yield target are known in advance.
Christian Martin, Savings and Provident director, declared, “With Aviva Rendement Oblig 2020, launched in collaboration with UFF, we are able to meet the expectations of savers who are seeking an alternative to euro funds”.
Maturity funds
In partnership with Union Bancaire Gestion Institutionnelle (UBGI), and from 5th September 2012 to 20th September 2012, Aviva is marketing its new Aviva Rendement Oblig 2020 fund for which the management strategy is to attract opportunities in international bonds markets, whilst giving visibility to the return target and to the recommended investment period.
The truly new thing about this fund is that it allows our clients to invest in several bond markets, including bond markets in emerging countries, in particular.
A favourable context
Companies are encountering difficulties in raising funds to finance their investment, even those which are in a good financial state (low debt, abundant cash flows…). One of the solutions it has found therefore is to go via bond issues by displaying attractive yields.
Based on this observation, Aviva considered that this asset class had real opportunities which could be offered to our clients, who were seeking a higher yield alternative to euro funds, in a context where markets are still very volatile and uncertain.
Nearly 100 million euros revenue in 6 weeks
With a yield target of 5% (net of support costs) and a recommended investment horizon of 8 years (September 2020), this new fund has been extremely well received by distribution networks and by savers. Nearly 100 million euros have collected in just a few weeks.
-ends-
Media contacts:
Karim Mokrane - 01 76 62 76 85 email: karim_mokrane@aviva.fr
Dominque Eluau - 01 76 62 67 19 email: dominique_eluau@aviva.fr
Notes to editors
Aviva offers its insurance, savings and fund management products to 43 million clients globally. Aviva is the largest insurer in the United Kingdom and one of the main operators in life and damages insurance in Europe. Aviva Group operates under a single brand and its main areas are life insurance and long-term savings, investment management and damages insurance. Aviva’s main commitment is customer satisfaction, ensuring that its activities remain sustainable. For more information, go to www.aviva.com/media and on Twitter: @avivaplc.
With over 180 years of experience in France, Aviva offers a full range of products to three million clients, from private individuals to small and medium enterprises. The company’s competitive advantage is based on a solid and profitable multi-distribution model (general agents, brokers, life services advisers, UFF [Union Financière de France bank] management consultants).
Aviva France also has partners such as AFER, the first savings association in France, the Crédit du Nord Group and automobile manufacturers. Aviva employs over 4,700 collaborators.
On 31 December 2011, it reported a consolidated operating profit of €6.1 billion and IFRS’ net assets amounted to €543 million. The company managed €79.7 billion of assets on 31 December 2011.
For more information about Aviva France, go to www.aviva.fr and on Twitter: @avivafrance