Aviva Investors' redemptions 'too high' despite AIMS success

Gross redemptions at £4.5bn

Aviva Investors has reported an improvement in inflows in its trading update for the third quarter, helped by its flagship AIMS fund range, but said redemptions remain "too high".

The investment arm of Aviva has seen £4bn in gross sales in the third quarter of the year, but gross redemptions stand at £4.5bn. In its half-year results, the group reported its profits remained "inadequate", despite a slowdown in outflows. Commenting on the latest figures, group chief executive Mark Wilson (pictured) said: "Aviva Investors continues to make progress on its turnaround during a period of difficult industry conditions. "Gross sales of £4bn are encouraging and are at a higher margin than redemptions, which remain too high at £4.5bn." The value of new business comi...