The ReturnPlus strategy invests in a broad range of liquidity sub-asset classes, while consuming limited regulatory capital. Our ReturnPlus team explores the potential benefits for investors.

ReturnPlus is a distinctive offering that aims to deliver attractive risk-adjusted returns across the market cycle by offering exposure to high-quality global credit spreads without the associated interest rate volatility.

With a clear focus on capital preservation, we believe the strategy offers a compelling solution for investors seeking to optimise portfolio returns with more predictable outcomes, delivered in a liquid, capital-efficient format.

Our strategy aims to deliver stable returns across the market cycle by capturing high-quality credit spreads from a diversified, liquid fixed income portfolio while limiting exposure to market shocks and unintended risks. The strategy is adapted to the needs of investors looking for alternatives to short duration government and credit allocations, or as a tool to manage strategic cash.

A capital-efficient, short-dated fixed income strategy, it can access a wide range of global fixed income markets and invests in liquid sovereign and corporate debt; taking modest credit spread risk, while minimising other risks such as interest rates or foreign currency. 

ReturnPlus benefits from our extensive experience managing assets to meet clients’ specific liabilities and risk-based capital requirements over the years. By drawing on our knowledge and taking advantage of market dislocations, we have delivered a robust track record and historically low volatility since 2014.*

In this paper, we set out what we consider to be the main benefits of the ReturnPlus strategy, namely:

  • Stable, excess returns above cash 
  • Capital efficiency 
  • Resilience 

Download The case for ReturnPlus to understand:

  • How the ReturnPlus strategy can benefit investors with a range of needs
  • Where the strategy looks for attractive returns and how it has demonstrated resilience in periods of market stress
  • Why some pension and insurance clients have utilised ReturnPlus to meet their requirements

* Past performance is not a guide to future returns

Subscribe to AIQ

Receive our award-winning insight on key investment themes, direct to your inbox.

Related views

Key risks

Investment and currency 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.

Credit and interest rate risk

Bond values are affected by changes in interest rates and the bond issuer's creditworthiness. Bonds that offer the potential for a higher income typically have a greater risk of default.

Illiquid securities risk

Some investments could be hard to value or to sell at a desired time, or at a price considered to be fair (especially in large quantities). As a result their prices can be volatile. 

ReturnPlus team

Meet our ReturnPlus team.

Looking for a different approach to liquidity and fixed income?

Discover how ReturnPlus seeks to help insurers, pension schemes and other investors to access diversified credit premia whilst maintaining a strong focus on liquidity, flexibility and capital preservation. 

Contact the team

Explore

Fixed income

Fixed income is an indispensable building block for meeting a variety of investment goals, including income, inflation protection, liability management and capital appreciation.

Important information

Show more Show less

THIS IS A MARKETING COMMUNICATION

Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”). Unless stated otherwise any views, opinions and future returns expressed are those of Aviva Investors and based on Aviva Investors internal forecasts. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature. The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. Past performance is not a guide to future returns.

Where relevant, information on our approach to the sustainability aspects of the strategy and the Sustainable Finance disclosure regulation (SFDR) including policies and procedures can be found on the following link: https://www.avivainvestors.com/en-gb/capabilities/sustainable-finance-disclosure-regulation/

In Europe this document is issued by Aviva Investors Luxembourg, with its registered office located 2 rue du Fort Bourbon, L-1249 Luxembourg, Grand Duchy of Luxembourg. Aviva Investors Luxembourg is supervised by the Commission de Surveillance du Secteur Financier, R.C.S Luxembourg B25708. In the UK this document is issued by Aviva Investors Global Services Limited, registered in England and Wales No. 1151805, with its registered office located at 80 Fenchurch Street, London, EC3M 4AE. Aviva Investors Global Services Limited is authorised and regulated by the Financial Conduct Authority. Firm Reference No. 119178.

In Switzerland, this document is issued by Aviva Investors Schweiz GmbH.