Navigator offers 26 new funds
Stuart Fechner
Aviva has revamped the fund offering of its Navigator platform by adding 26 new funds across the Navigator Personal Retirement Plan and Personal Investment Plan.
The new menu features a mix of mainstream investment managers as well as lesser household names including Principal, Premium and Mirvac Aqua.
It also provides exposure to property and China as well as offering multi-manager options and Australian equity small cap funds.
In selecting the new options, Aviva deliberately chose many income delivering funds in an effort to broaden Navigator’s defensive investment choice.
Aviva Research manager Stuart Fechner said the industry consulting process undertaken before selecting the new menu identified a need for funds of a more conservative, less accumulation-focused composition.
“We think the diversity of funds strikes a balance between matching existing investment needs and providing sufficient choice so advisers can respond to their clients’ changing investment objectives in light of whatever bumps future markets may throw up,” he said.
“That is not to say we are pre-empting carnage in equity markets but given we’ve had such a strong, sustained bull run perhaps advisers are thinking about reining in and reallocating some assets out of growth into a more defensive allocation.”
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