1. Aviva converts climate transition fund into LTAF.
- Author
-
Jones, Clara
- Subjects
- AVIVA PLC
- Abstract
Aviva Investors has converted its Climate Transition Real Asset Fund (CTRAF) into a Long Term Asset Fund (LTAF), expanding its offerings. The CTRAF, launched in 2021, focuses on climate transition solutions in Europe, investing in infrastructure, real estate, and nature-based solutions. The fund initially had £425 million in seed capital and aimed to reach £1 billion, targeting annual returns of 8%. Aviva's decision was influenced by its real assets study, which found that 69% of defined contribution pension funds plan to increase their real asset allocations in the next two years. The conversion allows investors to align their investments with net zero goals while maximizing long-term performance. [Extracted from the article]
- Published
- 2024