The ‘R’ share class is denominated in sterling and available on the Aviva Investors Global High Yield fund, UK Equity Focus fund, Global Convertibles fund and the Emerging Markets Local Currency Bond fund immediately.
This share class will be offered on other Sicav funds where there is sufficient demand, the company stated.
The changes also allow for the entire range of Aviva Investors’ onshore Oeic funds to be offered with completely discounted initial charges.
Jeremy Leadsom, sales director for UK financial institutions at Aviva Investors said:“The RDR is bringing about a shift in the priorities of investors and their advisers. We have been engaging with UK intermediaries and responding to their changing needs, and one of the steps we have taken is to review and adapt our share class and pricing models to meet the new environment for fee structures. We look forward to continuing to support advisers who are working to build successful and sustainable businesses in the UK.”