Celebrating 6 years of the Smooth Managed Life Fund S4

Six years of smooth investing within an onshore bond

On 18th February 2019, we launched the Smooth Managed Life Fund with a vision of delivering steady, long-term growth while providing clients a smoother, less volatile investment experience.

Today, we look back and reflect on the six years of the fund, by understanding a client's journey over the estimated 1,527 working days of trading.

Past performance is not a guide to the future, any product charges and adviser fees would reduce the amount received.

If we look at the chart, there were only four days on which we couldn't apply a positive daily increase due to the market conditions. This highlights the resilience and consistency of our fund design and its ability to navigate challenging market conditions while delivering long-term value to your clients. 

Crafting our fund’s future

At Aviva, we’re committed to building solutions that stand the test of time. When we designed the Smooth Managed Fund, our goal was clear: create a resilient, adaptive solution to navigate market challenges and meet evolving client needs. So, six years on, has it been delivered?

• Transparent Smoothing Mechanism: Our simple and consistent smoothing approach, with its built-in 6.5% corridor, balanced daily market movements with steady growth, giving invested clients the confidence to stay the course and look ahead with optimism.

• A Smoother Investment Experience: The fund minimised the impact of daily market fluctuations and provided approximately 1,523 positive daily fund increases, offering peace of mind especially during turbulent times.

• Global Diversification: By leveraging our global approach to investing and our active management through Aviva Investors, the performance return net of fund cost (Ongoing Charge Fund) was similar to the ABI mixed investment 40 - 85% sector*, however, for a risk-rated 5 solution (rated by Defaqto or Dynamic Planner).

• Flexibility for every life stage: Whether a client was investing for the future, requiring income, or considering legacy planning, the fund has been used in each of these scenarios. It can be used as a standalone solution or part of a broader, diversified portfolio.

We’re proud to celebrate another significant milestone in the success of our Smooth Managed Fund range. We hope many more advisers view this as a trusted and credible solution on the Aviva advised platform, supporting clients throughout their financial life stages.

Thank you for sharing this incredible journey with us. Here’s to many more years of smoothing client returns.

Alan Thompson, Investment Development Manager, Aviva

*The ABI Pension Mixed sector is included for performance comparison purpose. It is not a benchmark but is a proxy for non-smoothed mixed asset funds.