Standard & Poor’s Fund Services today stated that its ratings on all products offered and managed by Aviva Investors Australia are unaffected following the sale of the business to nabInvest, the direct asset management business of National Australian Bank.
Aviva Investors has stated that there will be no change to the management of its existing Australian-equity capabilities as a result of the ownership change, which includes all existing investment personnel. The transaction is subject to the receipt of regulatory approvals and is expected to close this quarter.
