Managing the fund
The AIMS Target Return Fund takes a flexible investment approach, and seeks to profit in both rising and falling markets.
The freedom to exploit global opportunities
The AIMS Target Return Fund is designed to meet the outcome your clients require. It is not benchmarked against a market or peer group, which provides managers with the freedom to invest when and where they see an opportunity with a great degree of sophistication and accuracy.
The three types of investment strategies
The fund integrates three kinds of investment strategy to construct diversified, well-balanced portfolios that meet return objectives and reduce risk in all market conditions.
1. Market strategies to generate income
Looks at where our analysis of market conditions differs from what others believe to identify the opportunities that offer greatest value.
Example: Long Japanese equities, long German equities, long Mexican government bonds.
2. Opportunistic strategies to find short-term value
Focuses on identifying value, especially opportunities created by the actions of other market participants, for example over-reaction to short-term events.
Example: Long Italian equities, short Spanish equities, long US technology stocks, short European technology stocks, US inflation strategy.
3. Risk-reducing strategies to preserve capital and returns
Aims to add returns in difficult market conditions, also seeking to identify strategies that make money if near-term market predictions don’t play out.
Example: Long US dollar vs short multiple currencies, US dollar vs renminbi volatility strategy, long US large caps vs short US small caps.
The five key components of our investment process
- House view. Our view on market outlook, business risk and potential value.
- Idea generation. Identifying suitable investment opportunities in the context of market conditions and fund goals.
- Idea evaluation. Formulating market, opportunistic and risk-reducing strategies. Assessing the strength of individual ideas.
- Portfolio construction. Blending strategies that work well together. Controlling, monitoring and testing strategies to ensure they diversify risk.
- Fund management. Managing the fund, cash flows and liquidity. Monitoring and rebalancing the portfolio.