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AIMS for all market conditions - February 2016

Growing capital steadily over the long term to meet investors’ needs is not straightforward in today’s increasingly unpredictable world. With asset correlations unusually high by historical standards, investment funds that have been designed to deliver specific returns have increased in popularity.

Aviva Investors Multi-Strategy (AIMS) Target Return Fund

One of these funds is the Aviva Investors Multi-Strategy (AIMS) Target Return Fund and we are delighted to confirm that is has been added to our fund range.

This outcome‑orientated fund aims to deliver a positive return whatever the investment climate, by targeting an average annual return of 5% above that of the European Central Bank base rate, before the deduction of charges, over a rolling three-year period.

The fund aims to reach its target while limiting the volatility of returns compared with an investment in global equities.

How the fund works

The fund adopts an unconstrained investment approach by which it can look to profit from markets both rising and falling. Furthermore, it is not benchmarked against a market or peer group.

This means that the fund managers are able to invest when and where they want with a great degree of sophistication and accuracy.

By investing in a diverse range of strategies, the fund managers aim to meet the fund’s return objective in different market conditions. Diversification simultaneously helps lower overall portfolio risk.

Experienced management team

On a day-to-day basis, the fund is run by Peter Fitzgerald, head of multi-assets, and Dan James, global head of rates. Euan Munro, Aviva Investors’ Chief Executive Officer, is a strategic adviser to the fund and chairs the Strategic Investment Group, a company-wide forum that provides the fund managers with investment ideas.

Currency Code AMC FE Sector Risk rating
USD L55 1.5% Absolute Return Grade 3*
EUR L56 1.5% Absolute Return Grade 3*

Positioning the fund

Sitting at the heart of a client’s portfolio, the fund could be positioned as the core holding, providing access to a wide range of financial markets and asset classes. It may also provide stability for more specialised – and often more volatile – satellite holdings.

Alternatively, the fund might appeal to risk-averse investors seeking a fund with less volatility relative to a typical equity investment.

Since volatility is expected to be a consistent feature of the world’s financial markets in 2016, the launch of the Aviva Investors Multi-Strategy (AIMS) Target Return Fund could be quite timely.

Philip Cernik
Chief Marketing Officer, UAE


There is no guarantee that the fund will achieve a positive return.

The securities held within a fund may not be denominated in the currency of that fund and, as a result, fund prices may rise and fall purely on account of exchange rate fluctuations. Your client may get back less than they have paid in.

*Grade 3 - These funds take a balanced approach to investment by holding a diverse portfolio of assets.