Aviva Investors AoV leads to reduced charges for £4bn bond fund and three funds closed

Assessment of value report

Aviva Investors is closing three funds and reducing charges on one, its latest assessment of value reports show.

The reports, which are produced individually for each fund, were published this month. They found the £4bn Corporate Bond fund had not delivered value for the majority of investors and as such would be reducing the charges for share classes one and two. Share class one will see its fee drops from 0.77% to 0.75% while share class two will see its fees drop from 0.62% to 0.52%. Aviva will also be applying a discount to these share classes to "reflect the economies of scale saving" following the growth of the fund over the past 12 months. "This additional discount will be applied based o...