AIA moves closed unit-linked policies to passive manager

AIA will move the $500 million in its unit-linked policy portfolio into SuperLife funds including NZ cash, international equities, Australasian equities, US equities, European and Asia Pacific equities, and International and New Zealand fixed income.

AIA chief product and investments officer, Len Elikhis, says, the partnership enables the company to optimise its investment strategy to meet the allocation and operational needs of our legacy unit-linked policies.

“This is a valued partnership, and we look forward to exploring opportunities to work together to ensure our investment portfolio continues to create enduring value for our customers and shareholders, as well as helping AIA NZ to deliver its Environmental, Social and Governance (ESG) commitments.”

Smartshares chief investment officer, Stuart Millar, says the partnership with AIA NZ demonstrates Smartshares’ ability to provide a total investment solution for all investor types.