We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Aviva funds (step down and level)

ha-pajama
ha-pajama Posts: 21 Forumite
Eighth Anniversary 10 Posts
in Savings & investments
hi,
I will totally understand if no one replies to this!   I have to move my childs underperforming fund into another Aviva account.  however, I'm only able to choose from a list of 100+ funds and to be honest, I'm baffled.
There is around 10K to put into the fund.  The money will be in there for probably 5 - 10 years, but what fund to choose?  
Ideally I'd like good returns and low running costs!!   Who wouldn't!?

If anyone would like to advise that would be amazing.   The link for the funds is here:
under the product name i have to choose from the drop down list (Aviva portfolio, step down and level)

Any thoughts welcome :)

Comments

  • dunstonh
    dunstonh Posts: 120,603 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Ideally I'd like good returns and low running costs!!  
    The Aviva charges were good in their day (for a legacy product)

    Any thoughts welcome 
    Without knowing what you are in and why you think it is underperforming (is it actually underperforming or is it relative to the assets it invests in which may have been in a negative period), along with risk profile, nobody can answer your question.


    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • ha-pajama
    ha-pajama Posts: 21 Forumite
    Eighth Anniversary 10 Posts
    hi thank you for your reply.
    5K was invested in 2005 and there is now 9.4K in teh account.  The investment is within AViva UK Equity INcome 2 S4 if that helps.  I just don't think it's done very well.
  • dunstonh
    dunstonh Posts: 120,603 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
     I just don't think it's done very well.
    It has done perfectly fine.  Its out performed sector average.



    It is a perfectly good fund for your UK equity allocation.  However, its poorly invested by being 100% UK equity.   You should be looking at global equity (including UK).   Aviva have choices in that area.

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • wmb194
    wmb194 Posts: 5,589 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 5 March 2024 at 1:48PM
    If you want a broader range of equites I'd look at the global equities one. At 13.4%, compared to other global equity funds it has a high weighting to the UK but you could argue that there is some value here and anyway, unless you're able to move your money elsewhere, it isn't like you have much of a choice.


  • Bostonerimus1
    Bostonerimus1 Posts: 1,724 Forumite
    1,000 Posts Second Anniversary Name Dropper
    If you want some long term growth and are ok with some risk then I agree that an international equity tracker would work, or even just add a US equity tracker. find one with the lowest fees. 
    And so we beat on, boats against the current, borne back ceaselessly into the past.
  • ha-pajama
    ha-pajama Posts: 21 Forumite
    Eighth Anniversary 10 Posts
    thank you all for your responses, much appriciated.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture