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Aviva Investors unveils multi-strategy fund in Australia

The Aviva Investors Multi-Strategy (AIMS) Target Return Fund aims to deliver a return of 5% per annum above the Reserve Bank of Australia’s base rate over any rolling three-year period, the firm said. The current Australian base rate, called the cash rate, is 2.25%. “No matter who they are, investors want simple and specific outcomes […]

The Aviva Investors Multi-Strategy (AIMS) Target Return Fund aims to deliver a return of 5% per annum above the Reserve Bank of Australia’s base rate over any rolling three-year period, the firm said.

The current Australian base rate, called the cash rate, is 2.25%.

“No matter who they are, investors want simple and specific outcomes from their financial products,” said Euan Munro, chief executive, who joined the firm in January last year.

The AIMS Target Return Fund was first launched globally in the UK on 1 July last year. It had £1.1bn ($1.7bn) in assets under management on 23 April. In March, the product was launched in Singapore.

The unconstrained fund is run by Ian Pizer, head of investment strategy, Peter Fitzgerald, head of multi-assets and Dan James, global head of rates. 

The managers have the flexibility to invest across different asset classes and countries, from company shares, fixed income securities and deposits to other regulated funds.

Multi-asset products have emerged as favoured investment theme as market volatility increases, said Karen Tan, director and head of global wealth solutions for Asia-Pacific at Deutsche Asset and Wealth Management, in a recent interview with Fund Selector Asia.

A look at the performance of Aviva Investors’s UK-based multi-asset fund against its category:

 

 

Part of the Bonhill Group.