Seeking resilient returns in a variety of market environments

In this unpredictable environment, building portfolios that are risk diversified, flexible and able to preserve capital through varying market conditions is more crucial than ever. Liquid alternatives can play a vital role in a broad portfolio as a diversifier.

The AIMS Target Return Fund is a multi-strategy portfolio that can offer investors resilient returns in a variety of market environments, with a focus on capital preservation through periods of equity market stress. The Fund on average is composed of 20-30 diversified strategies with a medium to long-term investment horizon which can take long and short views across avariety of risk drivers.

Why invest?

AIMS Target Return is an unconstrained fund, in contrast to traditional portfolios that are benchmarked. It employs a multi-strategy approach to improve the distribution of pay-offs and reduce the fund's sensitivity to equity markets, targeting the following investor outcomes:

Absolute return

Targets annual return of five per cent over cash (European Central Bank base rate).1

Managing volatility

Maintain fund volatility at less than half that of global equities.1

Enhanced diversification

Lower sensitivity to equities and bonds.

1 Target for return and volatility is over a rolling three-year period. Outcomes and targets are not guaranteed and may not be achieved.

Explore fund performance and key data

Find the latest prices and performance data in our fund centre via the links below. If you have any questions, please contact our distribution team.

Aviva Investors Multi-Strategy Target Return Fund (SICAV)

The performance target of the AIMS Target Return is five per cent over the European Central Bank base rate per annum over any rolling three-year periods, before fees.

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Find opportunities across all markets

The AIMS portfolio seeks to deliver returns by identifying investment ideas and opportunities across and within asset classes. Having managed this fund for over ten years, the team have been evolving and strengthening the process by harnessing high-conviction ideas, making effective use of quantitative tools and a disciplined approach to risk-taking.

Unconstrained approach

Multi-strategy approach utilising discretionary and systematic strategies.

Connected thinking

Firm-wide collaboration seeks to generate best-in-class ideas.

Robust portfolio construction

Focus on capturing alpha whilst preserving capital to generate absolute returns across market cycles.

Find out more about our multi-strategy capabilities

Seeking to deliver across market cycles

Survival of the fittest: Resilience, persistence and AIMS Target Return

AIMS Target Return seeks to deliver long-term capital growth with low volatility across market cycles. Learn more in this in-depth article exploring our approach.

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Aviva Investors Multi-Strategy Target Return: Strategy-in-brief

PDF 681.8 KB 7 pages

Strategy-in-brief: A guide for Investment professionals.

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Investment insights

Investment thinking that brings together the collective insight of Aviva Investors’ teams from across the globe on the key themes influencing markets.

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House View

No one can predict the future. But our quarterly House View sets out the collective wisdom of our investment teams on the current state of global markets – and where they might be heading.

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Key risks

For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.

Investment risk 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.

Derivatives risk

Investments can be made in derivatives, which can be complex and highly volatile. Derivatives may not perform as expected, meaning significant losses may be incurred.

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.

Sustainability risk

The level of sustainability risk may fluctuate depending on which investment opportunities the Investment Manager identifies. This means that the fund is exposed to Sustainability Risk which may impact the value of investments over the long term.

Multi-strategy team

The fund is managed by Peter Fitzgerald and Ian Pizer, who are directly accountable for idea generation and performance, drawing on the heritage and expertise within our multi-asset and macro division, our single asset class teams, and the sustainable investing team.

  • Peter Fitzgerald

    Chief Investment Officer, Macro Discretionary

  • Ian Pizer

    Head of Multi-Strategy Funds and Portfolio Manager, AIMS Target Return

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    Multi-asset & multi-strategy

    With over four decades of managing multi-asset and multi-strategy portfolios, we offer bespoke and off-the-shelf actively managed solutions.

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    Note for UK Investors: This Fund is domiciled in Luxembourg and is authorised by the Commission de Surveillance du Secteur Financier (CSSF). The Fund is recognised in the UK under the Overseas Funds Regime but is not a UK-authorised Fund and therefore is not subject to UK sustainable investment labelling disclosure requirements. UK investors should be aware that they can make a complaint about the fund, its management company, or its depositary. However, complaints may not be eligible for resolution by the UK’s Financial Ombudsman Service and any claims for losses related to the management company or depositary will not be covered by the Financial Services Compensation Scheme (FSCS). UK investors should consider seeking their own financial advice before making any decisions to invest and refer to the scheme prospectus for further information.