Aviva Investors has expanded its multi asset range with two new open-ended funds in order to cater for all risk profiles.

The Aviva Investors Multi Asset Funds I and III will be launched on 6 February 2012, aimed at defensive and moderately cautious investors respectively.

The new launches follow a rebranding of Aviva’s whole multi asset programme, in which its Cautious, Balanced and Aggressive funds have been renamed numerically.

The Aviva Multi Asset Funds therefore run from I to V and are designed to cater variously to defensive, cautious, moderately cautious, balanced or adventurous investors.

All five funds will be managed by Justin Onuekwusi and will all be in the IMA Specialist sector ‘to avoid prescribed investment constraints’.

John Clougherty, chief executive of Aviva Investors, commented, ‘With the Retail Distribution Review (RDR) due to be implemented later this year, financial advisers have an ever greater responsibility to consider their clients’ attitudes to risk, and to ensure that the products they recommend adhere to appropriate risk parameters.

‘With these two new funds, we can now offer advisers a truly comprehensive multi asset fund range which was designed for the post-RDR world and which provides a simple solution for investors whatever their risk profile.’

The two new funds will launch with an annual management charge (AMC) of 1.25 per cent for the retail share class and 0.75 per cent for the RDR share class.