Aviva Investors drops off recommended list

The Adviser Centre has removed the Aviva Investors Property Trust from its recommended list after manager Philip Nell announced he was leaving Aviva Investors.

Experienced property investor Mike Luscombe is set to take over as lead manager of the fund after a transition period. Andrew Hook will remain as co-manager of the fund.

Gill Hutchison, head of investment research for City Financial, said: “We will assess this change to the management team as soon as possible, but as a precautionary step, we have removed the fund from our recommended list until we have had an opportunity to understand its full implications.”

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