Our approach
The AIMS Target Return Fund is a multi-strategy portfolio that targets an annual return of cash plus five per cent per annum above the central bank base rate over rolling three-year periods (gross of fees), with less than half the volatility of global equities.
It seeks to deliver returns less correlated to other asset classes, acting as a diversifier within investors’ broader portfolios through its unconstrained absolute approach.
Potential benefits
Multi-strategy investing draws on economic analysis, investment insight and robust portfolio construction.
Targeted outcome
Investments selected with an emphasis on absolute risk-adjusted returns as opposed to benchmark-relative returns.
Low volatility
Aims for volatility that is less than half that of global equities over any three-year period.
Diversified
Offers a source of diversified returns in a balanced portfolio.
Inflation and the correlation conundrum
The new macro environment poses significant challenges for investors. Our AIMS Target Return team explain why a less conventional approach can help unlock return opportunities and maintain portfolio resilience.
Integrating ESG in multi-strategy portfolios
Multi-strategy portfolios have come a long way in embedding ESG into the investment process, but there are gaps to fill, as Jennie Byun explains.
Key risks
For further information on the risks and risk profiles of our funds, please refer to the relevant fund documents.
Investment and currency risk
The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.
Derivatives risk
The fund uses derivatives; these can be complex and highly volatile. Derivatives may not perform as expected, which means the fund may suffer significant losses.
Illiquid securities risk
Certain assets held in the fund could be hard to value or to sell at a desired time or at a price considered to be fair (especially in large quantities), and as a result their prices could be very volatile.
Multi-strategy team
Peter Fitzgerald
Chief Investment Officer, Multi-asset & Macro
Ian Pizer
Head of Multi-Strategy Funds and Portfolio Manager, AIMS Target Return
Need more information?
For further information, please contact our investment sales team.
Read more about the fund
Continuous disclosures
- PDF 269.6 KB 4 pages
AIMS Target Return Fund - RG240 Statement as at 30 June 2023
- PDF 795.9 KB 29 pages
2023 Financial Statement
- PDF 368.1 KB 5 pages
PDS Update - March 2023
- PDF 96.0 KB 1 page
PDS Update - November 2022
- PDF 283.1 KB 4 pages
AIMS Target Return Fund - RG240 Statement as at 30 June 2022
- PDF 491.4 KB 30 pages
2022 Financial Statement
- PDF 115.9 KB 2 pages
PDS Update June 2022 - Fund Updates
- PDF 123.9 KB 1 page
PDS Update March 2022 - Management Costs
- PDF 132.0 KB 2 pages
PDS Update January 2022 - Fund Updates
- PDF 463.0 KB 30 pages
2021 Financial Statement
- PDF 262.7 KB 4 pages
AIMS Target Return Fund - RG240 Statement as at 30 June 2021
- PDF 151.3 KB 2 pages
PDS Update October 2021 - Enquiries and Complaints
- PDF 124.6 KB 2 pages
PDS Update May 2021 - Fund Updates
- PDF 101.1 KB 1 page
PDS Update May 2021 – Key personnel change
- PDF 94.6 KB 1 page
PDS Update March 2021 - Management Costs
- PDF 100.3 KB 1 page
PDS Update March 2021 - Fund Updates
- PDF 106.9 KB 2 pages
PDS Update January 2021 - Key Management Change
- PDF 93.7 KB 1 page
PDS Update November 2020 - Change to Key Service Provider
- PDF 288.6 KB 4 pages
AIMS Target Return Fund - RG240 Statement as at 30 June 2020
- PDF 336.2 KB 29 pages
2020 Financial Statement
- 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 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 350.1 KB 1 page
PDS Update October 2018 - Key Management Change
- PDF 2.6 MB 30 pages
2018 Financial Statement
- PDF 90.3 KB 1 page
PDS Update October 2018 - Enquires and Complaints
Important documentation
- PDF 517.1 KB 1 page
2024 Non-Trading Days
- PDF 100.9 KB 1 page
2023 Non-Trading Days
- PDF 102.1 KB 3 pages
2022 Non-Trading Days - Updated
- PDF 139.7 KB 2 pages
2022 Non-Trading Days
- PDF 110.7 KB 1 page
2021 Non-Trading Days
- PDF 87.2 KB 1 page
2020 Non-Trading Days
- PDF 353.6 KB 1 page
2019 Non-Trading Days
- PDF 192.2 KB 1 page
2018 Non-Trading Days
Multi-asset & multi-strategy views
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Tech’s tightening grip: What rising US stock concentration means for equity investors
8 Apr. 2024
Soaring technology share prices have driven US stock market concentration to unprecedented levels and pushed the US market to a record premium relative to other markets. While both trends could persist, investors need to be aware of the implications, argue Richard Saldanha and Joao Toniato.
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Multi-asset allocation views: What’s behind Japan’s stock-market sugar rush?
8 Mar. 2024
Following unsuccessful attempts in the past, the Japanese government’s structural reforms now seem to be bearing fruit. This has contributed to a record high on the Japanese stock-market, but is it sustainable?
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Heading for a soft landing? A Q&A with Peter Fitzgerald and Ian Pizer
14 Feb. 2024
The managers of the AIMS Target Return strategy explain why equities look to be a better option than bonds given growing expectations the US central bank has engineered a “soft landing”.
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Elections, rates, AI and China: Four disruptive themes shaping the multi-asset outlook
14 Dec. 2023
Sunil Krishnan highlights the key themes for multi-asset investors to monitor in 2024.
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Softly does it? A Q&A with Peter Fitzgerald and Ian Pizer
24 Oct. 2023
The managers of the AIMS Target Return strategy explain why the prospects for a range of asset classes suddenly look much brighter.
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Integrating net zero in sovereign bond portfolios: Understanding the impacts, risks and opportunities
2 Oct. 2023
Investing in climate transition and adaptation plans today adds to governments’ funding needs, but over time should make for stronger, more resilient economies. How should investors approach this to embed net-zero considerations into their sovereign bond portfolios?
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China versus the West:The ongoing rise of economic nationalism
2 Oct. 2023
The US and China continue to trade blows as each side looks to limit the other’s access to vital products. With industrial policies also making a comeback, companies are having to navigate a rapidly changing business environment. We look at the key implications for investors.
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Multi-asset allocation views: Cutting through the noise
26 Sep. 2023
Issues around US tech, China, US Treasuries and Japanese monetary policy have hit the headlines in recent weeks. Sunil Krishnan explains how taking a long-term view can help multi-asset investors cut through the noise.
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The cash conundrum: Five things to know about cash, saving and investing
14 Sep. 2023
In this article, we explore the logic behind holding assets in cash, the difference between saving and investment, and why a longer-term focus may help investors achieve their objectives.
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The big dig: How mining could power a greener future
12 Sep. 2023
Clean energy technologies are set to drive growth in demand for critical minerals over the next two decades, throwing up a rich seam of investment opportunities – and challenges.
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What does the data say? Five charts for multi-asset investors
9 Aug. 2023
We take a visual approach to explain what’s happening with UK inflation, web traffic for ChatGPT and Threads, and the slower-than-expected recovery of China’s economy.
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Multi-asset allocation views: A silver lining for gilts
4 Aug. 2023
UK gilts have underperformed other government bonds over the last year. Sunil Krishnan explains why the worst may be over.
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Multi-asset allocation views: An emerging direction
29 Jun. 2023
With economies getting stronger and interest rates nearing their peak, the environment looks supportive for equity and bond markets, but emerging markets face challenges. Sunil Krishnan assesses the implications for multi-asset investors.
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What does the data say? Three charts for multi-asset investors
19 Jun. 2023
We take a visual approach to explain what’s happening with the US debt ceiling, LVMH and gold.
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Multi-asset allocation views: Perfect storm or storm in a teacup?
23 May 2023
Recent concerns over the banking sector seem to have eased, but have raised uncertainties around the availability of credit and the path of interest rates. Sunil Krishnan assesses the consequences for multi-asset investors.
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Getting a taste for fiscal intervention, but at what cost?
19 May 2023
Fiscal intervention is, again, a vital part of the government policy toolkit, supporting plans to boost domestic industries and fight climate change. But while well-intended, such measures will add to already elevated debt levels, with significant implications for investors, as Michael Grady explains.