Aviva Fonvalor Euro FI
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Aviva Fonvalor Euro FI - Class A
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Aviva Fonvalor Euro FI - Class B
Date of 1st valuation:
Return for current year 2012:
Net asset value (15/05/2012):
Cumulative return since start:
Annualised cumulative return:
Files to download:
Fund's return during the period specified:
Index return during the period specified:
If requested dates of the fund have not a value, "from" will show the first posterior date with value and "to" the first previus date with value.
Objective
Fund allocation and management objective: Global Fund
The investment range of this global investment fund covers all kinds of securities (both equities and variable yield), mainly in the eurozone, with the objective of building a diversified and risk-balanced portfolio.
The objective of the fund is to obtain the best possible yield, combining risk and return and continually taking advantage of the best prospects offered by fixed income and equity markets.
Key characteristics of the fund
- The benchmark used by the fund manager is the performance of a composite index: 50% EURO STOXX 50 and 50% iboxx Corporate 10+ years (QWAK).
- The fund will invest between 30% and 75% in equities. Equity investments will be made in securities that are undervalued by the market. No preference shall be given to particular industries.
- The sum of equity investments in securities issued by entities outside the eurozone plus the currency risk will not exceed 30%.
- The fund will invest in shares in small- and large-capitalisation companies in stock markets in OECD member countries (including emerging countries). No preference shall be given to particular industries.
- The proportion of the assets not invested in equities will be invested in public or private fixed income assets in OECD member states.
- Fixed income investments will mainly be in subordinated assets and preferred shares. Subordinated debt is understood to refer to lower-rated fixed income assets whereby holders are lower than all common creditors in order of payment precedence. In turn, by their nature, preference shares mean they are more similar to equity investments than to fixed income senior bonds. These assets are exposed to high levels of liquidity risk. Given their nature, the entire portfolio of fixed income securities may have a low rating (less than 'BBB' from S&P, or equivalent). The average duration of the equity portfolio will be in excess of two years. The composition of the portfolio will retain high levels of diversification to ensure liquidity and to control risks.
- It may operate using derivative financial instruments traded on organised derivatives markets for hedging and investment purposes, and derivative financial instruments that are not traded on derivatives markets for hedging and investment purposes.
