Managing the fund
The AIMS Target Return Fund takes a flexible investment approach, and seeks to profit in both rising and falling markets.
The freedom to exploit global opportunities
The AIMS Target Return Fund is designed to meet the outcome your clients require. It is not benchmarked against a market or peer group, which provides managers with the freedom to invest when and where they see an opportunity with a great degree of sophistication and accuracy.
The three types of investment strategies
The fund integrates three kinds of investment strategy to construct diversified, well-balanced portfolios that meet return objectives and reduce risk in all market conditions.
1. Market strategies to generate income
Looks at where our analysis of market conditions differs from what others believe to identify the opportunities that offer greatest value.
Example: Long Japanese equities, long German equities, long Mexican government bonds.
2. Opportunistic strategies to find short-term value
Focuses on identifying value, especially opportunities created by the actions of other market participants, for example over-reaction to short-term events.
Example: Long Italian equities, short Spanish equities, long US technology stocks, short European technology stocks, US inflation strategy.
3. Risk-reducing strategies to preserve capital and returns
Aims to add returns in difficult market conditions, also seeking to identify strategies that make money if near-term market predictions don’t play out.
Example: Long US dollar vs short multiple currencies, US dollar vs renminbi volatility strategy, long US large caps vs short US small caps.
The five key components of our investment process
- House view. Our view on market outlook, business risk and potential value.
- Idea generation. Identifying suitable investment opportunities in the context of market conditions and fund goals.
- Idea evaluation. Formulating market, opportunistic and risk-reducing strategies. Assessing the strength of individual ideas.
- Portfolio construction. Blending strategies that work well together. Controlling, monitoring and testing strategies to ensure they diversify risk.
- Fund management. Managing the fund, cash flows and liquidity. Monitoring and rebalancing the portfolio.
The information in this document is general in nature and has not been designed to take into account the particular circumstances of any investor or class of investors, their investment objectives or needs. Before making any investment based on any information in this document, recipients should consider the appropriateness of the information having regard to their financial situation, objectives, and needs. Investing in the financial products and or services described in this document is not without significant risk, including the risk of delays in the ability to redeem any investment, the risk of loss of capital invested or income expected to be derived, and share, unit or market price fluctuations. Prospective investors are strongly advised to seek their own financial advice about the merits of any investment.
Any opinions expressed are based on the internal forecasts of Aviva Investors and should not be relied upon as indicating any guarantee or assurance of return from an investment or fund managed by Aviva Investors. No part of this document is intended to constitute advice or a recommendation of any nature. The value of an investment can go down as well as up and can fluctuate in response to changes in the foreign exchange rates of the currencies in which underlying investments are denominated.
Past performance is not a guide to future performance. Performance figures shown are sourced from Aviva Investors unless indicated otherwise, on the pricing and income reinvestment basis stated.
The distribution and offering of shares may be restricted by law in certain jurisdictions. This document is not and should not be taken or construed as a recommendation, solicitation or offer either (i) by anyone in any jurisdiction in which such an offer, recommendation or solicitation is not authorised or (ii) to any person in any jurisdiction to whom it is unlawful to make such an offer, recommendation or solicitation.
You are not authorised to redistribute this document nor qualified to make any offer, representation or contract on behalf of Aviva Investors on the basis of this document.
IMPORTANT INFORMATION SINGAPORE– The Aviva Investors Multi-Strategy Target Return Fund and Aviva Investors Multi-Strategy Target Income Fund (the “Funds”)are registered as restricted schemes in Singapore and can be offered only: (i) to "institutional investors" pursuant to Section 304 of the Securities and Futures Act, Chapter 289 of Singapore (the "Act"), (ii) to "relevant persons" pursuant to Section 305(1) of the Act, (iii) to persons who meet the requirements of an offer made pursuant to Section 305(2) of the Act, or (iv) pursuant to, and in accordance with the conditions of, other applicable exemption provisions of the Act. The Funds are not allowed to be offered to retail investors. Any written material issued in connection with the offer is not a prospectus as defined in the Securities and Futures Act (Chapter 289) of Singapore and, accordingly, statutory liability under the Act in relation to the content of prospectuses would not apply.