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.
Aviva Investors Multi-Strategy Target Return: Strategy in brief
Strategy in brief: A guide for Investment professionals.
Key risks
Investment 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 strategy uses derivatives; these can be complex and highly volatile. Derivatives may not perform as expected, which means the strategy may suffer significant losses.
Illiquid securities risk
Certain assets held in the strategy could, by nature, 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
Investment professionals named may be employees of Aviva Investors Canada Inc. or one of its global affiliates including Aviva Investors America LLC (USA) or Aviva Investors Global Services Limited (UK).
Peter Fitzgerald
Chief Investment Officer, Multi-asset & Macro; Portfolio Manager, AIMS Target Return Fund
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.
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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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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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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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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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.
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Forget what you think you know: Staying humble in a world of rising risk
16 May 2023
In a world where potential pitfalls loom around every corner, Peter Fitzgerald and Ian Pizer explain why investors need to look beyond what financial models are telling them to keep portfolios resilient to the challenges ahead.
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What does the data say? Five charts on financial fragilities
14 Apr. 2023
We take a visual approach to explain what’s happening with banks.
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What does the data say? Three charts multi-asset investors should know about
6 Mar. 2023
We take a visual approach to explain what’s happening with bonds, equities and oil.
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Why inflation is likely to prove sticky
17 Feb. 2023
Central banks will find it far harder to eradicate inflation than markets anticipate and will be in no hurry to ease off on rate hikes, argues Ian Pizer.
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Multi-asset investing: The five big questions for 2023
16 Dec. 2022
Sunil Krishnan looks back at 2022, and outlines what multi-asset investors should look out for in 2023.
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Multi-asset allocation views: How politics are influencing markets
22 Nov. 2022
Political risk has returned with a vengeance in 2022. Sunil Krishnan discusses what this means for multi-asset portfolios.
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When the numbers don’t add up: UK learns painful lesson not to buck the market
8 Nov. 2022
Governments around the world would do well to heed the lessons of recent chaotic events in Britain that concluded with Liz Truss becoming the country’s shortest-lived prime minister.