The AIMS Target Return Fund is a multi-strategy portfolio targeting an annual return of cash plus five per cent per annum above the Central Bank base rate over a rolling three-year period (gross of fees), with less than half the volatility of global equities.
It seeks to deliver returns that are uncorrelated to other asset classes, acting as a diversifier within investors’ broader portfolios and providing some protection against the impact of equity market volatility.
Multi-strategy investing that harnesses economic analysis, investment insight and robust portfolio construction.
For further information on the risks and risk profiles of our funds, please refer to the relevant fund documents.
Chief Investment Officer, Multi-asset & Macro and Portfolio Manager, AIMS Target Return and Target Income Funds
Head of Multi-Strategy and Portfolio Manager, AIMS Target Return, Target Income and Fixed Income Funds
Head of Rates and Portfolio Manager, AIMS Fixed Income and Target Return Funds
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Read more about the fund
PDF 21.5 KB 1 page
PDS Update March 2020 - Management costs and key personnel change
PDF 229.5 KB 3 pages
AIMS Target Return Fund - RG240 Statement as at 30th June 2019
PDF 612.9 KB 29 pages
2019 Financial Statement
PDF 21.8 KB 1 page
PDS Update October 2019 - Key Management Change
PDF 350.1 KB 1 page
PDS Update October 2018 - Key Management Change
PDF 90.3 KB 1 page
PDS Update October 2018 - Enquires and Complaints
PDF 175.6 KB 3 pages
PDS Update September 2018 - Key Management Changes
PDF 382.0 KB 3 pages
AIMS Target Return Fund - RG240 Statement as at 30th June 2018
PDF 2.6 MB 30 pages
2018 Financial Statement
PDF 7.3 MB 80 pages
AIMS Target Return Fund PDS (Including initial application form)
PDF 357.1 KB 2 pages
AIMS Target Return Fund Additional Investments Application Form
PDF 115.5 KB 2 pages
AIMS Target Return Redemption Form
PDF 1.3 MB 86 pages
Aviva Investors Prospectus (Underlying Fund)
PDF 192.2 KB 1 page
2018 Non-Trading Days
PDF 353.6 KB 1 page
2019 Non-Trading Days
PDF 87.2 KB 1 page
2020 Non-Trading Days
Explore our multi-asset & multi-strategy range
Aviva Investors Multi-Strategy (AIMS) Target Income
Designed to deliver absolute income by targeting consistent, sustainable income while also seeking to preserve capital.
Aviva Investors Multi-Strategy (AIMS) Fixed Income
An outcome-oriented fixed income strategy with a focus on diversified sources of return and downside protection.
Multi-asset & multi-strategy views
Multi-asset allocation views: How long will the COVID-19 damage last?
26 Jun. 2020
Nearly three months after COVID-19 caused markets to crash and sent countries across the globe into lockdown, debates continue over what the post-COVID world will look like and the extent of the long-term damage. Sunil Krishnan remains cautious.
What do rising US-China tensions mean for global markets?
24 Jun. 2020
In the latest instalment of our editorial series, Link, Aviva Investors experts discuss the prospects for financial markets and the world economy in the face of escalating hostilities between the US and China.
Defined Benefit pensions de-risking: A covenant and investment view
23 Jun. 2020
In the midst of the COVID-19 shock, Felix Mantz from Lincoln Pensions and Joachim Sudre from Aviva Investors explore how defined benefit pension schemes should plan their journey towards an end game and adopt a more holistic approach to risk.
Where to go in an income drought?
9 Jun. 2020
Income investors face multiple challenges – dividend cuts, historically low yields, rising corporate defaults, and an uncertain property market. Francois de Bruin goes in search of sustainable income sources.
Cinderella science? Why portfolio construction holds the key to resilient investment outcomes
9 Jun. 2020
It is one thing to have a good investment idea, but quite another to extract the maximum potential from that idea and combine it with others to create an optimal portfolio. This is where portfolio construction comes in.
COVID-19: This time is different?
3 Apr. 2020
While the COVID-19 pandemic may be unlike anything financial markets have experienced before, the past still offers valuable lessons for investors trying to make sense of the crisis, explains Euan Munro.
COVID-19 and a brief history of emerging market debt drawdowns
2 Apr. 2020
The scale and speed of COVID-19’s impact on global financial markets has caused emerging market debt returns to decline at a pace not seen since the global financial crisis. However, history suggests the recovery of the asset class may also turn out to be quick.
COVID-19: When it comes to pandemics, investors should listen to the real experts
1 Apr. 2020
In early February, with financial markets oblivious to medical experts’ warnings about the dangers posed by the coronavirus, Ian Pizer of Aviva Investors’ investment strategy team began to look into the medical research to learn more about the potential outcomes and the implications for the global economy and markets. What he discovered raises questions about financial market participants’ ability to react to issues they don’t fully understand.
Multi-asset allocation views: Embedding diversification in portfolios
31 Mar. 2020
The impact of COVID-19 and policy measures taken by global authorities to contain it have erased the tentative signs of economic strength seen at the start of 2020. As the epidemic has advanced, the market response has been brutal. Sunil Krishnan reflects on how portfolio managers diversify multi-asset portfolios, and the extent to which these measures have been effective in the current round of volatility.
Treasuries: Defence in troubled times
26 Mar. 2020
Correlation patterns between assets have not been behaving conventionally over the last month. Most notably, there have been periods when US Treasury yields have been rising (and their value falling) at the same time as equities have been selling off. Why have investors been abandoning safe-haven assets in the midst of the steepest market falls we have seen for 40 years?
RPI may be flawed, but changes shouldn’t cost pensioners and investors
16 Mar. 2020
With the start of the consultation for proposed changes to the measurement of inflation in the UK, we look at the likely impact to asset classes, the assets most affected, and the key issues investors should be aware of.
Are investors too complacent about the coronavirus?
21 Feb. 2020
In the latest of our editorial series, Link, AIQ brings members of Aviva Investors’ investment strategy, equity and debt teams together to discuss the prospects for financial markets and the world economy in the face of the coronavirus epidemic.
Multi-asset allocation views: Uncertainty clouds the outlook for European assets
23 Jan. 2020
Sunil Krishnan considers whether Europe can break out of its economic malaise and the factors investors should watch out for in 2020.
Multi-asset allocation views: The pros and cons of higher-yielding fixed income
16 Jan. 2020
Sunil Krishnan asks whether higher-yielding fixed income assets remain good diversifiers for multi-asset portfolios in the current environment.
Multi-asset allocation views: Could Japan outperform other equity markets?
14 Jan. 2020
Sunil Krishnan argues that low expectations among domestic and global investors are reflected in Japanese equity valuations, creating an opportunity for the asset class to play catch-up with the rest of the world.
Supply chain wars
14 Nov. 2019
With the US and China locking horns, we take a deeper look at the tangled and complex web of multinational relationships in the global economic ecosystem.
The OECD Common Reporting Standard for Automatic Exchange of Financial Account Information (CRS) will require certain financial institutions to report information regarding certain accounts to their local tax authority and follow related due diligence procedures. Both the Underlying Fund and the Australian feeder Fund (the 'Australian Fund') are expected to be 'Financial Institutions' under the CRS and the Australian Fund intends to comply with its CRS obligations by obtaining and reporting information on relevant accounts, which will include unit holdings in the Australian Fund, to the Australian Tax Office (ATO). In order for the Underlying Fund and the Fund to comply with their respective obligations, we will request that you provide certain information and certifications to us necessary for compliance with the CRS. We will determine whether either or both of the Underlying Fund and the Australian Fund are required to report your details to the ATO or other taxation authorities based on our assessment of the relevant information received. Information provided to the ATO may be provided to other jurisdictions that have signed the “CRS Competent Authority Agreement”, the multilateral framework agreement that provides the mechanism to facilitate the automatic exchange of information in accordance with the CRS. The Australian Government has enacted legislation amending, among other things, the Taxation Administration Act 1953 of Australia to give effect to the CRS. The CRS will apply to the Underlying Funds with effect from 1 July 2017.