Media

Elite Opportunities Fund rated ‘Recommended’ by Lonsec

Wed, 22 Jul 2009

Lonsec have recently awarded the Aviva Investors Elite Opportunities Fund a ‘Recommended’ rating following their review of the Australian Equity Concentrated sector. This is Lonsec’s second highest rating and is an upgrade from the previous ‘Investment Grade’ rating. According to Lonsec, the new rating is "... primarily driven by the quality, rigour and drive of the Fund’s portfolio manager and well resourced investment team. Aviva plc has confirmed that it will not be selling its investment management business and Lonsec does not expect the sale of Aviva’s other Australian businesses to have a material impact on the Fund". The Lonsec Limited ("Lonsec") ABN 56 061 751 102 rating (assigned July 2009) presented in this document is limited to "General Advice" and based solely on consideration of the investment merits of the financial product(s). It is not a recommendation to purchase, sell or hold the relevant product(s), and you should seek independent financial advice before investing in this product(s). The rating is subject to change without notice and Lonsec assumes no obligation to update this document following publication. Lonsec receives a fee from the fund manager for rating the product(s) using comprehensive and objective criteria.