Our approach to multi-asset & multi-strategy
Investors require solutions that address their need for capital appreciation, income, diversification and lower-risk outcomes. We take these requirements as our start point, and use the breadth of experience and market insight available to us across the business in order to deliver solutions that address these needs.
Connected thinking
We draw on the insight of experienced investment professionals across geographies and asset classes to develop the best strategies for our capabilities.
Targeted outcomes with managed volatility
We draw on our long-standing experience across long-only and absolute-return capabilities that seek to deliver strong risk-adjusted outcomes.
Robust portfolio construction
Construction is as important as idea generation in delivering robust outcomes for clients. We therefore seek to insulate investors from the worst excesses of equity market volatility by assessing risk from multiple perspectives.
Key risks
For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.
Investment risk
The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. 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.
Multi-asset & multi-strategy in focus
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Three big questions for multi-asset investors: US equities, bond performance and ESG
The weight of US equities in global markets, a turbulent period for bonds and the impact of environmental, social and governance (ESG) factors on performance are three key issues on investors’ minds. In this article, Aviva Investors’ Shane O’Brien discusses what they mean for multi-asset investors.
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Disrupting the market: Broaden your multi-asset horizons
The desire to stay close to home is understandable. Home represents security, reassurance, the comfort of the familiar.
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Disrupting the market: Size matters
David and Goliath; the tortoise and the hare; Wimbledon FC beating the all-conquering Liverpool in the 1988 FA Cup Final. From fiction to real life, everyone loves an underdog story, but there’s a reason for that; they are the exception, not the rule.
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Managing uncertainty with liquid alternatives: The case for AIMS Target Return
Peter Fitzgerald, Michael Grady and Jennie Byun make the case for including liquid alternatives within a broad multi-asset allocation in an environment where interest rates stay “higher for longer”.
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Disrupting the market: Why we built MAF Core
What springs to mind when you hear the words “disruptive innovation”?
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MAF Core: A multi-asset solution for multiple client types
Our MAF Core range is designed to appeal to a broad range of investors. Shane O’Brien introduces five client types who may find MAF Core an attractive addition to their portfolios.
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Ask the Fund Manager Adviser Q&A: Understanding different approaches to multi-asset funds
Sunil Krishnan, head of multi-asset funds at Aviva Investors, talks to Succession Wealth financial planner Hugo Clay about some less obvious factors planners should consider when choosing a multi-asset fund.
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Ask the Fund Manager: Adviser Q&A
Given the market turmoil over the last 6-12 months, succession planners have asked us a lot of questions on fixed income markets. Sunil Krishnan, head of multi-asset funds at Aviva investors, answers your questions on the role of bonds in clients’ portfolios.
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Financial fragilities emerge: House View Q2 2023 Q&A
With the release of Aviva Investors’ House View Q2 2023, Jennie Byun (JB) puts the questions to Michael Grady (MG) on our latest economic and asset allocation views.
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Riding the volatility in a changing world: House View 2023 Outlook Q&A
With the release of Aviva Investors’ House View 2023 Outlook, Jennie Byun puts the questions to Michael Grady on our latest economic and asset allocation views.
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Welcome to MAF 2.0: Why expertise, ESG and value for money must be part of the package
To meet the evolving needs of clients, a robust multi-asset strategy must be built around three principles: investment expertise, ESG integration and value for money.
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Know your stuff: Why success in multi-asset investing is more than potluck
Building robust multi-asset portfolios is not a game of chance. We explain how expertise is a key pillar of our MAF Core range.
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Recession – a price worth paying? House View Q&A (Q4 2022)
With the release of Aviva Investors’ House View Q4 2022, Michael Grady (MG), head of investment strategy and chief economist, discusses the firm’s current economic thinking and asset allocation views with Jennie Byun (JB), multi-asset and macro investment director.
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Inflation and the correlation conundrum: Why it’s time to look at liquid alternatives in a new light
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.
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More bang for your buck: How value is changing in multi-asset strategies
In a world of high inflation and rising borrowing costs, every penny counts. We understand this, which is why value for money is the key pillar of the Aviva Investors Multi-asset Core Fund range.
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Inflation fight raises recession risk: House View Q&A (Q3 2022)
With the release of Aviva Investors’ House View Q3 2022, Michael Grady (MG), head of investment strategy and chief economist, discusses our current economic thinking and asset allocation views with Jennie Byun (JB), multi-asset and macro investment director.
Multi-asset allocation views
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Multi-asset allocation views: What’s behind Japan’s stock-market sugar rush?
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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Multi-asset allocation views: Cutting through the noise
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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Multi-asset allocation views: A silver lining for gilts
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
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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Multi-asset allocation views: Perfect storm or storm in a teacup?
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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Multi-asset allocation views: Investing in the age of the polycrisis
The interlinked nature of multiple global events – known as the polycrisis – can create challenges and opportunities for investors. Sunil Krishnan explores the potential winners, losers and areas of change.
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Multi-asset allocation views: How politics are influencing markets
Political risk has returned with a vengeance in 2022. Sunil Krishnan discusses what this means for multi-asset portfolios.
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Multi-asset allocation views: What high inflation means for portfolios
Inflation has direct and indirect consequences for financial markets. Sunil Krishnan reflects on how multi-asset investors can mitigate them and find areas of resilience.
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Multi-asset allocation views: Is this the end of the 60/40 strategy?
Government bonds have not acted as safe haven assets recently. Sunil Krishnan explores whether this spells the end of the traditional 60/40 allocation in multi-asset portfolios.
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Multi-asset allocation views: Central banks’ delicate balancing act
With high levels of inflation persisting around the world, central banks must tighten policy without hurting consumer demand and economic growth. This will be more difficult for some central banks than others, says Sunil Krishnan.
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Multi-asset allocation views: Five lessons for investors during turbulent times
From Russia’s invasion of Ukraine to surging inflation, risk has well and truly returned to markets in 2022. Sunil Krishnan offers useful insights for investors unaccustomed to such challenging times.
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Multi-asset allocation views: How durable is ‘transitory’ inflation?
As central banks continue to stretch what ‘transitory’ inflation means, Sunil Krishnan explores how price pressures are changing and the implications for multi-asset portfolios.
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Multi-asset allocation views: Emerging themes for portfolio diversification
Diversification is a core tenet of multi-asset investing. Sunil Krishnan explores thematic ideas that may help diversify portfolios in the current market environment.
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Multi-asset allocation views: Moving short on duration
A strong economic recovery and continued reflationary bias from the Federal Reserve could push long-dated yields higher on US Treasuries, says Sunil Krishnan.
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Multi-asset allocation views: Equities on a style merry-go-round
Although economic growth, operating leverage and valuations support equities, it is too early to tell whether value stocks are finally set to make a comeback, says Sunil Krishnan.
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Multi-asset allocation views: Loose policy doesn’t rule out a steeper curve
While inflation is expected to rise after last year’s lows, it will likely be transitory. Sunil Krishnan explores what this means for the economy, yield curves and equity markets.
Multi-asset & multi-strategy team
Peter Fitzgerald
Chief Investment Officer, Multi-asset & Macro
Ian Pizer
Head of Multi-Strategy Funds and Portfolio Manager, AIMS Target Return
Sunil Krishnan
Head of Multi-Asset Funds
Michael Grady
Head of Investment Strategy and Chief Economist
Emma Halley
Head of Portfolio Construction and Risk
Dhannjay Hirani
Head of Implementation, Multi-asset & Macro
Edward Hutchings
Head of Rates
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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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
27 Sep 2023
Financial markets have hit the headlines several times 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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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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Bond investing: Five things to know about fixed income
15 Sep 2023
In this article, we explain key concepts of bond investing, such as yield and duration, explore the role of bonds in investment portfolios and look at the current state of the bond markets.
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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.