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Aviva Smooth Managed fund

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Hello All,
With the Covid 19 pandemic my fund took a dip. I was told this particular fund was supposed to be resistant to fluctuations in the markets. Are Aviva responsible for the losses incurred or do I just have to take it on the chin

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  • Linton
    Linton Posts: 18,154 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!

    Hello All,
    With the Covid 19 pandemic my fund took a dip. I was told this particular fund was supposed to be resistant to fluctuations in the markets. Are Aviva responsible for the losses incurred or do I just have to take it on the chin

    It is about 2% up over the past 12 months   During the depth of the crash it fell about 16% but has now well on its way to recovery.
    According to the Fund Factsheet:
    The Smooth Managed Fund is designed to deliver growth over the medium to long term, employing a ‘smoothing’ process to shelter you from some of the impact of market movements. The fund invests in a broad range of global assets which changes over time as we aim to keep the investment risk in line with a moderately cautious risk profile.
    So I would say it is performing broadly in line with its stated objective.
  • Albermarle
    Albermarle Posts: 27,814 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    It is about 2% up over the past 12 months   During the depth of the crash it fell about 16% but has now well on its way to recovery.

    Although I would say a 16% maximum drop is a bit high considering the objectives of the fund .

    A typical low cost 40% equities multi asset fund dropped around 10% maximum , as did the Wealth Preservation Investment trusts. Also the MA funds at this risk level are around 5% up in the last 12 months and have just about fully recovered back where they were on Jan 1st .

    Are Aviva responsible for the losses incurred 

    No

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