Our experience, applied to your fixed income goals
In today's diverse and evolving fixed income markets, a unified approach is essential to meet clients' needs. Leveraging our extensive capabilities and unique structure, we are well-positioned to help investors seeking enhanced returns, diversification and capital preservation through market cycles.
Core income
Our Core Income Group offers the foundational building blocks for fixed income investments, specialising in global investment grade, global rates, and asset-based securities. We focus on delivering effective duration management, yield enhancement and diversification to meet our clients' needs.
Capital opportunities
Our Capital Opportunities Group specialises in high-growth fixed income asset classes, such as emerging market debt, high yield bonds, multi-sector fixed income, and convertible debt. Our goal is to meet clients' enhanced return, income and diversification needs.
Fixed income solutions
Our Solutions Group combines strong capabilities in buy and maintain, pensions and insurance solutions, liability-driven investment, and liquidity. We aim to deliver integrated, outcome-driven solutions to enhance capital efficiency, liquidity optimisation and liability-matching.
A scaled, integrated fixed income franchise
Explore how Aviva Investors is evolving its fixed income platform for today’s market challenges, with Fraser Lundie, Global Head of Fixed Income, highlighting how our latest strategies are designed to support investors in an ever-changing market.
Transcript for video A scaled, integrated fixed income franchise
Fixed income plays a central role in investor portfolios – increasingly relied upon for resilient income and portfolio stability across market environments.
At Aviva Investors, fixed income is a core capability – built over decades and continually evolving to meet the needs of wealth, institutional and insurance clients.
We manage fixed income at scale across public and private markets, drawing on deep fundamental research, active risk management and close collaboration across specialist teams.
Our integrated platform is built around client objectives – delivering solutions across the risk‑and‑return spectrum, with capital preservation and dependable outcomes through the cycle.
The fixed income opportunity set has broadened significantly, creating more opportunities for income and diversification than ever before.
But it has also become more complex, as markets overlap and risks become more nuanced.
Success now depends on skilled credit selection, flexible portfolio construction, and a clear understanding of how risks interact.
Our fixed income platform brings together breadth of capability, specialist research and data‑driven insight to support more informed outcomes for clients.
This shift has driven closer collaboration between our Fixed Income and Multi‑Asset teams,ensuring solutions are co‑created around real portfolio needs.
That approach is reflected in the launch of three new fixed income strategies, each designed to deliver distinct portfolio outcomes – from growth to capital preservation and income.
We’re launching dedicated strategies in Senior Asset‑Backed Securities and Global Hybrids – asset classes where we’ve invested successfully for decades.
These strategies act as targeted building blocks, providing access to specialist areas of fixed income with distinct risk and return drivers, delivering high-quality income and diversification.
For investors seeking flexible, outcome-focused solutions, we’re launching our Global Unconstrained Credit strategy, backed by the scale and breadth of our fixed income platform.
Its flexible, benchmark‑agnostic approach enables dynamic allocation across sectors and regions, targeting dependable income while actively managing risk through the cycle.
Alongside our core strategies, we design tailored fixed income portfolios around client needs.
Across every mandate, our focus is the same: resilient outcomes through disciplined portfolio construction – not market beta.
Together, these capabilities position Aviva Investors as a comprehensive fixed income partner, built to support investors through today’s complexity and every stage of the cycle.
Celebrating success across fixed income
Fixed income solutions
We harness our heritage and collective experience to deliver solutions across the fixed income universe to meet your needs.
Capabilities
Emerging market debt
A range of emerging market debt strategies that invest across hard and local-currency markets.
Liquidity
Cash management solutions and liquidity optimisation services. We understand your liquidity needs.
High yield
A range of strategies that aim to capture the full potential of high yield bond markets while protecting capital.
One fixed income
Many minds and millions of datapoints combined to help make smarter investment decisions.
Fixed Income Compass – Q3 2026: Invest for resilience in a still uncertain world
Delivering a clear, quarterly fixed income outlook on key risk drivers as well as our positioning in portfolios.
A client-centric fixed income philosophy
Our fixed income team manage £95 billion* across a globally integrated investment platform that leverages specialist research and data-driven capabilities to deliver value for our clients.
Connected across capabilities
Our unique structure encourages enhanced idea generation with strong collaboration between teams with natural synergies to deliver diverse, uncorrelated sources of return.
Robust portfolio construction
Our approach aims to deliver enhanced capital preservation through market cycles, optimising the use of technology and avoiding structural over-reliance on market beta to generate returns.
Solutions that start with you
Leveraging our extensive heritage, research and specialist capabilities, we are uniquely placed to build tailored investment solutions to deliver for your specific needs.
*Source: Aviva Investors as at 31 December 2025. The AUM figures shown above are for the group of companies. Trading as Aviva Investors, the fund management arm of the Aviva Group.
Fixed income insights
Investment thinking that brings together the collective insight of Aviva Investors’ teams from across the globe on the key themes influencing markets.
Views
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The week in markets: The price of resilience
4 Sep 2026
Investors spent the week grappling with the price of resilience, as robust growth and rising energy costs complicated the outlook for inflation and interest rates, pushing bond yields to multi-year highs.
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AI boom highlights a flawed bond market
1 Sep 2026
Investors in passive bond funds are being exposed to more risk than they may appreciate as US technology giants turn to fixed income markets to fund massive spending on AI data centres, argues Aviva Investors chief executive Mark Versey.
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UK and EU sustainability regulations: Could a narrow focus be missing the bigger picture?
27 Aug 2026
Regulation must recognise that sustainable investing incorporates more than the provision of sustainable funds alone.
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Investment diversification: Still the only free lunch?
26 Aug 2026
Diversification has always been at the heart of asset management, but recent turmoil, from higher inflation to conflict, trade barriers and the AI revolution, is roiling markets. Can investors still reap its benefits?
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Bond Voyage: The role of investment research in the age of AI
11 Aug 2026
Artificial intelligence (AI) is already helping research analysts work more efficiently, but could it ultimately replace them?
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From volatility to stability: Enhancing portfolio resilience in insurance investment
5 Aug 2026
Insurers have long navigated a distinctive set of investment challenges, what can they do to build portfolios resilient enough for today's volatile environment?
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Driving stewardship together
29 Jul 2026
Aviva’s Investments, Wealth and Retirement business and Aviva Investors are working together to deliver financial and sustainable outcomes, connecting clients to their capital.
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The case for ReturnPlus: A capital-efficient enhanced liquidity strategy
29 Jul 2026
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.
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Bond Voyage: Hyperscalers: A scramble to raise capital
9 Jul 2026
Giant tech companies are increasingly turning to international markets as they look to finance trillions of dollars of investment in AI infrastructure over the coming years. And they are doing so at accelerated speeds and scale.
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Confidence in a changing climate
15 Jun 2026
How can institutions forge impactful climate strategies that are right for them and their end beneficiaries? Our “Confidence in a changing climate” guide showcases some of the solutions we have developed to help.
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Bond Voyage: Why repo is quietly becoming one of the most important issues for investors
9 Jun 2026
As central banks unwind quantitative easing (QE), liquidity is increasingly being provided through repo operations instead of continuous asset purchases by the banks. How resilient is this new approach?
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Blockchain: The quiet technology reshaping financial infrastructure
8 Jun 2026
Tokenisation is more than a technical novelty. Our simple guide explains how blockchain turns assets into digital tokens and examines the potential benefits and risks.
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Sustainability review 2025
2 Jun 2026
We believe understanding sustainability factors and trends is fundamental to effective asset management. This report sets out our approach and includes an overview of our holistic stewardship activities over the past year
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Clarity and resilience: New guidance for European Money Market Funds
21 May 2026
New guidance on the rules governing European money market funds should strengthen the market’s foundations and provide a firm footing for innovation and growth, argues Alastair Sewell.
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Bond Voyage: Emerging markets have changed: why markets shouldn’t price them like it's 2013
11 May 2026
Emerging markets have increasingly forged for themselves a path less dependent on external conditions, making local currency debt one of the most mispriced narratives in global markets.
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Contemporary alchemy
5 May 2026
Precious metals such as gold and silver, rare earth minerals, and industrial metals such as copper have been making headlines in recent months. We talked to a team of experts to discover what’s been driving investors’ appetite.
Bond Voyage
Bond Voyage: A journey into fixed income
Our monthly freewheeling newsletter brings you the latest insights from across our fixed income teams.
Compass
Compass
Compass draws on the insights of our Matrix Pods. These are cross-functional forums that bring together portfolio managers, strategists, economists, and traders to generate forward-looking, consensus-based views on key fixed income asset classes. This provides investors with a clear view on key risk drivers, helping guide portfolio positioning and enhance decision-making across the key fixed income asset classes.
House View
House View
Market insights, economic analysis and investment perspectives to help investors understand the trends, risks and opportunities shaping global markets.
Key risks
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.
Credit 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.
Fixed income experience
Meet our fixed income investment team.
Fraser Lundie
Global Head of Fixed Income
Sunil Shah
Head of Canadian Fixed Income & Senior Portfolio Manager
Gita Bal
Head of Fixed Income Research
Iain Forrester
Head of Fixed Income Solutions
James Vokins
Head of Investment Grade Credit and Core Income
Aaron Grehan
Head of Capital Opportunities Group and Co-Head of Emerging Market Debt
Barney Goodchild
Head of Fixed Income and Equity Investment Specialists
Explore
Capabilities
With a global presence, far-reaching experience, and extensive capabilities across major asset classes, we are well placed to help achieve the outcomes our clients demand.