Aviva Investors expands liquidity range with new USD ReturnPlus Fund

24 July 2025

Aviva Investors, the global asset management business of Aviva plc, has announced the launch of the Aviva Investors USD ReturnPlus Fund (“Fund”).

The launch of the Fund expands the firm’s liquidity range, having managed liquidity solutions for over 20 years and aims to build on the success of the existing offering. The new Fund complements the Aviva Investors’ ReturnPlus GBP and EUR strategies1, which were launched in 2020, and have grown to a combined AUM of circa USD 7.7bn2.

Designed for professional, institutional and insurance clients, the Fund is for investors looking for global fixed income exposure, with the strategy aiming to achieve higher returns than cash and money market instruments but without incurring the same level of volatility as typical corporate credit strategies.   

The Fund will invest in selected fixed income securities from a low risk, short-dated bond universe across developed market currencies and focuses on delivering an attractive risk/return profile while maintaining high levels of liquidity. The Fund aims to achieve a 0.75% per annum gross return above the Secured Overnight Financing Rate (SOFR) over a three-year rolling period, regardless of market conditions. SOFR was 4.33% as of 14 July 2025. 

The Fund is managed by co-leads Todd Cutting, Head of Enhanced Liquidity and Alex Ieri, Portfolio Manager at Aviva Investors.

Iain Forrester, Head of Fixed Income Solutions at Aviva Investors said:

“We are delighted to announce the expansion of our range of ReturnPlus strategies with the launch of the Aviva Investors USD ReturnPlus Fund. The launch complements and builds on the success of the existing range and Aviva Investors’ decades of experience managing liquidity strategies.”

Denis Resovac, Head of Insurance Solutions Sales for the Asia Pacific at Aviva Investors added:

“Aviva Investors’ ReturnPlus meets the needs for those investors seeking higher returns on their liquid assets without materially extending credit or duration risk. For insurance investors this combination of characteristics offers significant potential benefits because it makes the fund solvency capital efficient under Asian risk-based capital frameworks.”

The launch also comes as Aviva Investors continues to build out its Fixed Income capabilities, including the development of proprietary tools such as OptiFI, which use AI and data-driven insights to support portfolio modelling and construction.

The Aviva Investors USD Return Plus Fund is registered in Singapore as a Restricted Scheme and only available to accredited investors and professional investors in Singapore 3.

1 These strategies are not available for offer or distribution in Singapore or Hong Kong.

2 As at 31 May 2025.

3 In Singapore, the Fund may be offered or distributed to (i) to an institutional investor under Section 304 of the Securities and Futures Act 2001 of Singapore (the “SFA”), (ii) to a relevant person pursuant to Section 305(1) of the SFA, or any person pursuant to Section 305(2) of the SFA, and in accordance with the conditions specified in Section 305 of the SFA, or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.

For more information contact:

Laura Cocker

Media Relations Manager

Steve Ainger

Head of Media Relations

Thomas Green

Media Relations Manager

Important information

THIS IS A MARKETING COMMUNICATION

Unless stated otherwise any opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as personalised advice of any nature. This document should not be taken as a recommendation or offer by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. The legal documentation and the subscription documents should be read before an investment is made. Portfolio holdings are subject to change at any time without notice and information about specific securities should not be construed as a recommendation to buy or sell any securities.

For Investors located in EU/EEA countries, the Prospectus and Key Information Document (‘KID’), as well as the latest annual and semi-annual reports of Aviva Investors SICAV are available, free of charge from the registered office of the fund located at 2 rue du Fort Bourbon .L-1249 Luxembourg, Grand Duchy of Luxembourg, or from www.eifs.lu/aviva-investors. The Prospectus is available in English. Where a sub-fund of Aviva Investors SICAV is registered for public distribution in a jurisdiction, a KID in the official language of that jurisdiction will be available.

For Investors located in United-Kingdom, the Fund documentation is also available at the UK facilities’ registered office Aviva Investors Global Services Limited, 80 Fenchurch Street, London, EC3M 4AE, United Kingdom.

Where relevant, information on our approach to the sustainability aspects of the fund 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, acting as the Management Company of the fund, 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 Singapore, this material is being circulated by way of an arrangement with Aviva Investors Asia Pte. Limited (AIAPL) for distribution to institutional investors only. Please note that AIAPL does not provide any independent research or analysis in the substance or preparation of this material. Recipients of this material are to contact AIAPL in respect of any matters arising from, or in connection with, this material.  AIAPL, a company incorporated under the laws of Singapore with registration number 200813519W, holds a valid Capital Markets Services Licence to carry out fund management activities issued under the Securities and Futures Act 2001 and is an Exempt Financial Adviser for the purposes of the Financial Advisers Act 2001. Registered Office: 138 Market Street, #05-01 CapitaGreen, Singapore 048946. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

Aviva Investors Global Services Limited

80 Fenchurch Street, London EC3M 4AE

Phone    +44 (0)20 7809 6000

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Issued by Aviva Investors Global Services Limited, registered in England and Wales No. 1151805. Registered Office: 80 Fenchurch Street, London EC3M 4AE. Authorised and regulated by the Financial Conduct Authority and a member of the Investment Association. Firm Reference No. 119178. Telephone calls may be recorded for training and monitoring purposes.