Standard & Poor’s Fund Services today affirmed its four-star ratings on three Australian equities large-cap funds managed by Aviva Investors Australia.
The three funds are the Aviva Investors Professional Dividend Builder, Australian Equities, and Elite Opportunities funds.
The ratings and reports are part of our recent review of the Australian equity-large-cap peer group of funds.
As previously communicated Aviva Plc, the parent of Aviva Investors, is selling its Australia business to nabInvest, and although subject to regulatory approval, the transaction is expected to close this quarter.
“We believe that nabInvest will provide a suitable home for the Aviva Investors Australia business, and are pleased that the well-regarded team and process will remain intact,” said Standard & Poors’ fund analyst Nathan Bode.
“The equities team has delivered strong returns across its product line-up and over a full-market cycle. Overall, we have retained a high level of conviction in all three funds,” said Mr. Bode.