Aviva Australia's Navigator investment platform has revealed that two of its business lines have just achieved the A$1 billion milestone for funds held under administration.
Navigator Business Super and the Navigator Pre Select multi-managers funds, launched respectively in 1998 and 2003, reached the A$1 billion target during October and are now leading growth areas for the Navigator business.
Aviva’s chief executive officer, Allan Griffiths, said that it was very exciting to see two relatively new lines of business reaching the A$1 billion mark at the same time.
These results will further drive the Navigator business forward in 2007. We have already exceeded the A$1 billion market for our alliance products so it is very clear that our business is poised for continual growth and development in the future, said Mr Griffiths.