Aviva Investors, the global asset management business of Aviva, has launched Aviva Investors Global Equity Endurance Fund, a long-term global equity fund.

The Luxembourg-domiciled fund will be managed by Giles Parkinson, who will be supported by Richard Saldanha and Helen Driver.

The unconstrained fund will hold a high-conviction range of global equities and will carry an annual management charge of 1.5%. Currently, the fund is only available with a dollar share class.

Aviva Investors global head of equities Chris Murphy said: “The launch of this fund alongside our existing global equity strategies is part of the continual evolution and strengthening of our equity proposition and expanding investment team. The new fund reinforces our commitment to becoming a leader in outcome-oriented solutions in response to changing client needs.”

Parkinson said: “The quality of the businesses we select will be key to the success of the fund. We invest in a small number of superior and resilient companies that have stood the test of time and we believe will continue to do so indefinitely.

“Given the long-term and enduring nature of these businesses, we cite the fund’s investment horizon as ‘over five years.’ However, we manage this strategy such that clients can hold the fund indefinitely, which we believe makes it a compelling choice as a core long-term investment. The portfolio is unconstrained, allowing us to invest without restriction; choosing the very best businesses regardless of sector classification or geographic listing.”