Aviva Investors AoV leads to closure of three funds

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...