Aviva has expanded its range of multi-asset governed portfolios, run by Morningstar, with the launch of an income-focused product.
The launch of the portfolio, which Aviva described as suitable for advisers looking to "offer income solutions as part of a client's investment strategy, rather than just growth", comes in response to demand from intermediaries.
Tim Orton, chief executive of Aviva's adviser platform, said: "We continually review our funds to make sure they’re meeting adviser demand, and this is the driver behind the launch of the additional fund in the range.
"Managing income is increasingly important to advisers and clients and the additional fund provides an option to meet this need.”
Aviva launched its then five-strong range last year, in a bid to provide quality funds within "cost constraints" for users of its adviser platform.
The portfolios have an ongoing charges figure capped at 0.5 per cent, and primarily use passive funds to control costs.
