(London) Aviva Investors, the global asset management business of Aviva plc (‘Aviva’) has today received a Positive Watch endorsement for its Multi-Strategy Target Return Fund from City Financial’s online fund research and consultancy service, The Adviser Centre.
The Aviva Investors Multi-Strategy (AIMS) range was launched on 1 July 2014 and has in excess of £1.1bn AUM. The AIMS Target Return Fund aims to deliver a return of 5% per annum above the Bank of England base rate over any rolling three-year period by investing in a globally diversified multi-strategy portfolio. It aims to reach its target return whilst limiting the volatility of returns compared with an investment in global equities.
Gill Hutchison, Head of Investment Research at City Financial, said:
“We see increasing demand for multi-asset, risk diversified products and the Aviva Investors Multi-Strategy Target Return is a welcome addition to this limited cohort of funds in the IA Targeted Absolute Return sector. CEO Euan Munro’s experience, as one of the architects of Standard Life Investments’ Global Absolute Return Strategies fund, is central to the design of the fund which incorporates return-seeking elements combined with risk-reducing elements. Furthermore, Aviva Investors’ investment strategy and risk capabilities provide a credible foundation from which to build this franchise and we think the firm has an exciting opportunity to establish itself as one of the key players in this space.”
Jeremy Leadsom, Head of UK Wholesale at Aviva Investors, said:
“This is really good news from The Adviser Centre. We are now recognised by an important research house and this will further enhance the fund’s credibility in the intermediary market.”
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