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
-
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”.
-
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.
-
The ESG journey in our multi-strategy process
Multi-strategy portfolios have come a long way in embedding ESG into the investment process, as Jennie Byun, Mark Robertson and Thomas Dillon explain.
Multi-asset allocation views
-
Multi-asset allocation views: Three faces of reflation
Reflation – another word for increasing economic activity, with an undertone that inflation isn't consistently falling – has been the dominant theme for investors so far in 2024. Sunil Krishnan explores how it is affecting bonds, equities and commodities.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
Multi-asset & multi-strategy team
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
Sunil Krishnan
Head of Multi-Asset Funds
Michael Grady
Head of Investment Strategy and Chief Economist
Emma Halley
Head of Investment Process; Multi-asset & Macro
Dhannjay Hirani
Head of Portfolio Implementation
Edward Hutchings
Head of Rates
Need more information?
For further information, please contact our investment sales team.
Multi-asset & multi-strategy views
-
Survival of the fittest: Resilience, persistence and AIMS Target Return
7 Aug 2024
Aviva Investors’ Multi-Strategy Target Return managers talk about why their strategy has survived where others have failed, the lessons they have learned and why enhancements to their investment process in 2018 have been paying dividends.
-
A new chapter: Time to prepare for the next phase of the real estate cycle
17 Jul 2024
David Hedalen and Jonathan Bayfield from our real assets research team highlight data that shows real estate markets in the UK and Europe may be on the brink of an important shift.
-
Multi-asset allocation views: Three faces of reflation
6 Jun 2024
Reflation – another word for increasing economic activity, with an undertone that inflation isn't consistently falling – has been the dominant theme for investors so far in 2024. Sunil Krishnan explores how it is affecting bonds, equities and commodities.
-
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.
-
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”.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.