Fri, May 16, 2008 - Page 12 News List

Aviva Investors introduces five funds

By Joyce Huang  /  STAFF REPORTER

First Taisec Capital Management Inc (一銀投顧), a subsidiary of First Financial Holding Co (第一金控), yesterday launched five Aviva Investors' funds for sales to its 5 million domestic clients.

The five funds — the European Socially Responsible Investment Fund, the Global Convertibles Fund, the European Real Estate Investment Trust (REIT) Fund, Global REIT Fund and the European Convergence Equity Fund — would be sold at its 190 local outlets, including one that opened yesterday.

“We believe now is a perfect time for us to introduce our socially responsible investment fund to local investors as green energy awareness and corporate social responsibility have gradually taken hold in Taiwan in the past two years,” Vina Cheng (鄭沛婕), business development director of Morley Fund Management Business under Aviva Asia Pte’s Taiwan branch, said at the sidelines of the product launch.

Aviva’s socially responsible investment fund, which invests in energy, medication and biotech companies, had a fund size of 79.49 million euros (US$123.3 million) with a five-year return rate of 97 percent as of the end of March.

As for the other four, the Global Convertibles Fund had US$872.86 million, the European REIT had 166 million euros, Global REIT had 56.49 million euros and the European Convergence Equity had 236.11 million euros.

Speaking at the launching ceremony, Adam Lessing, head of Morley’s European business development, said that Taiwan had become an important market for Aviva’s expansion into Asia.

“Taiwan is an extremely important market for us with a market size of US$115 billion in funds,” he said.

This story has been viewed 2607 times.
TOP top