Aviva Funds, the Luxembourg domiciled fund range of the Aviva group, has obtained authorisation from the Czech Securities Commission to distribute 24 of its sub-funds to private investors in the Czech Republic.
Aviva Funds has appointed Ceska sporitelna as paying agent and contact bank in the Czech Republic on behalf of the SICAV. At the same time, Aviva Funds has signed a further agreement with Ceska sporitelna as appointing them to act as distributor of Aviva Funds SICAV in the Czech Republic.
“The Czech Republic offers many exciting distribution possibilities as it prepares for accession to the European Union,” says Robert Woolf, head of European sales for Aviva Funds. “It is a market that has been a focus for many financial institutions, both from Europe and from the US, over recent years. We are delighted that we have obtained authorisation to distribute 24 of our funds in the Czech Republic, in partnership with Ceska sporitelna. This marks an initial success in our strategy to broaden the distribution of Aviva Funds in the EU accession countries.”