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, 2

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.

2 Global Equities is defined as MSCI® All Country World Index (Local Currency) (the “Index”).  The Fund’s volatility is compared against the Index’s daily volatility, annualised, over 3-year rolling periods.

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

Webcast: Uncertainty and the correlation conundrum

47 minutes

Join our webcast where Jerome Nunan, Head of UK Wealth asks Peter Fitzgerald Chief Investment Officer, Macro Discretionary at Aviva Investors what is causing a breakdown in cross-asset class correlation, whether these factors may persist, and what this means for portfolio construction. The discussion will cover market conditions, the role that liquid alternatives can play in portfolios and explore which strategies have worked in this year’s turbulent markets.

This event qualifies for 45 minutes CPD

Aviva Investors Multi-Strategy Target Return (EURO): Strategy-in-brief

PDF 4.2 MB 7 pages

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

Download

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.

Read more

Key risks

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

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

    • Contact us

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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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    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 France the Fund documentation is also available at the registered office of the local centralised agent: BNP Paribas Securities Services, 3 rue d’Antin, 75002 Paris, France.

    For investors located in Italy, the Fund documentation is available at the following local paying agents’ offices:

    Allfunds Bank S.A.U, Milan Branch, via Bocchetto, 6, 20123 Milan, Italy

    Société Générale Secrities Services S.p.A, Via Benigno Crespi 19/A, 20159 Milano, Italy

    Banca Monte dei Paschi di Siena S.p.A., Piazza Salimbeni 3, 53100 Siena SI

    For investors located in Spain, the Fund documentation is available at the office of Allfunds Bank S.A.U., Calle de los Padres Dominicos 7, 28050 Madrid, Spain.

    For investors located in Switzerland, the Fund documentation is available at the Swiss representative’s office BNP PARIBAS, Paris, Zurich branch, Selnaustrasse 16, 8002 Zurich, Switzerland.

    For Investors located in United-Kingdom, the Fund documentation is also available at the UK facilities agent 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 Switzerland, this document is issued by Aviva Investors Schweiz GmbH.