Aviva Investors is launching a U.S. equity income fund for U.K. investors, Financial Times reports. The fund will be run by Henry Sanders, founding member of River Road Asset Management.

The offering, which is due to launch on July 1, 2011, is subject to approval from the Financial Services Authority. The fund, which aims to deliver a dividend yield that is 1.5% higher than the Russell 3000 Value Index, will mirror River Road’s existing dividend all-cap value strategy.

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