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.
Key risks

Multi-asset & multi-strategy in focus

A more uncertain world - economic and financial decoupling: House View Q&A (Q2 2022)
With the release of Aviva Investors’ House View Q2 2022, Stewart Robertson (SR), senior UK and Europe economist, discusses the firm’s current economic thinking and asset allocation views with Peter Smith (PS), multi-asset and macro investment director.
Read more

Elevated inflation – persistent, not permanent: House View Q&A (2022 Outlook)
With the release of Aviva Investors’ House View 2022 Outlook, Michael Grady (MG), head of investment strategy and chief economist, discusses the firm’s current economic thinking and asset allocation views with Jennie Byun (JB), multi-asset and macro investment director.
Read more

Growing pains – strong demand, constrained supply and elevated inflation: House View Q&A (Q4 2021)
With the release of Aviva Investors’ House View Q4 2021, Michael Grady (MG), head of investment strategy and chief economist, discusses the firm’s current economic thinking and asset allocation views with Jennie Byun (JB), multi-asset and macro investment director.
Read more

Beyond COVID – policy-led reflation: House View Q&A (Q3 2021)
We recently published our House View Q3 2021. Michael Grady (MG), Head of Investment Strategy and Chief Economist and Fabio Faltoni (FF), Multi-asset & Macro Investment Director discuss our latest economic outlook and its implications for global investment markets.
Read more

US inflation spike: Temporary or permanent?
An unexpectedly high US inflation reading has sent shockwaves through financial markets. In this multi-asset & macro interview we step back and explore the deeper implications for financial markets.
Read more

This time really is different: House View Q&A (Q2 2021)
We recently published our House View Q2 2021. Michael Grady (MG), Head of Investment Strategy and Chief Economist and Fabio Faltoni (FF), Multi-asset & Macro Investment Director discuss our latest economic outlook and its implications for global investment markets.
Read more

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.
Read more

Democratic “Blue Wave” - a game changer for financial markets
The Democratic “Blue Wave” scenario has finally happened. Will this be a game changer for financial markets? Find out with David Nowakowski (DN), Senior Investment Strategist and Fabio Faltoni (FF), Multi-asset & Macro Investment Director.
Read more

Multi-asset allocation views: Why now is not the time to give up on US Treasuries
There is still a good case for US Treasuries and long duration in multi-asset portfolios, argues Sunil Krishnan.
Read more
Multi-asset allocation views

Multi-asset allocation views: Five lessons for investors during turbulent times
From Russia’s invasion of Ukraine to surging inflation, risk has well and truly returned to markets in 2022. Sunil Krishnan offers useful insights for investors unaccustomed to such challenging times.
Read more

Multi-asset allocation views: How durable is ‘transitory’ inflation?
As central banks continue to stretch what ‘transitory’ inflation means, Sunil Krishnan explores how price pressures are changing and the implications for multi-asset portfolios.
Read more

Multi-asset allocation views: Emerging themes for portfolio diversification
Diversification is a core tenet of multi-asset investing. Sunil Krishnan explores thematic ideas that may help diversify portfolios in the current market environment.
Read more

Multi-asset allocation views: Moving short on duration
A strong economic recovery and continued reflationary bias from the Federal Reserve could push long-dated yields higher on US Treasuries, says Sunil Krishnan.
Read more

Multi-asset allocation views: Equities on a style merry-go-round
Although economic growth, operating leverage and valuations support equities, it is too early to tell whether value stocks are finally set to make a comeback, says Sunil Krishnan.
Read more

Multi-asset allocation views: Loose policy doesn’t rule out a steeper curve
While inflation is expected to rise after last year’s lows, it will likely be transitory. Sunil Krishnan explores what this means for the economy, yield curves and equity markets.
Read more

Multi-asset allocation views: Room to grow
The early part of a year gives investors an opportunity to take stock. Sunil Krishnan reflects on how the current environment is shaping our views for multi-asset portfolios.
Read more
Need more information?
For further information, please contact our investment sales team.
Multi-asset & multi-strategy team

Peter Fitzgerald
Chief Investment Officer, Multi-asset & Macro and Portfolio Manager, AIMS Target Return
View profile

Ian Pizer
Head of Multi-Strategy Funds and Portfolio Manager, AIMS Target Return
View profile

Sunil Krishnan
Head of Multi-asset Funds
View profile

Michael Grady
Head of Investment Strategy and Chief Economist
View profile

Emma Halley
Head of Portfolio Construction and Risk
View profile

Dhannjay Hirani
Head of Implementation, Multi-asset & Macro
View profile

Jean-François Fosse, CAIA
Head of Multi-Asset, France
View profile

Isabel Emo Capodilista
Head of Manager Research
View profile

David Clott
Senior Portfolio Manager
View profile

Edward Hutchings
Senior Portfolio Manager, UK Sovereign
View profile
Multi-asset & multi-strategy views

What does the data say? Ukraine-Russia: The human and economic costs of war
29 Apr 2022
In this month’s instalment of our visual series on topical themes, we look at the far-reaching human and economic consequences of the Ukraine-Russian war.
Read more

A new Cold War? What the Russia-Ukraine crisis means for globalisation and markets
28 Apr 2022
The world has become more volatile and unpredictable with Russia’s invasion of Ukraine. But while Vladimir Putin may have dealt globalisation another blow, China and the West will want to prevent the world splitting into two competing blocs.
Read more

Multi-asset allocation views: Five lessons for investors during turbulent times
22 Apr 2022
From Russia’s invasion of Ukraine to surging inflation, risk has well and truly returned to markets in 2022. Sunil Krishnan offers useful insights for investors unaccustomed to such challenging times.
Read more

Economic volatility: The end of the Great Moderation?
6 Apr 2022
Russia’s invasion of Ukraine, following hot on the heels of the pandemic, could hasten the transition to a new, more volatile economic environment. That would have major ramifications for financial markets and investors, argues Michael Grady.
Read more

China, inflation and politics: Three reasons for EM turbulence
24 Feb 2022
Emerging market assets have underperformed developed market peers over the past decade. While this has led to valuation gaps, selectivity will be critical, argues David Nowakowski.
Read more

The future of pharma: Increased returns or the age of biotech?
8 Dec 2021
After decades of low returns on research and development (R&D), the healthcare sector is producing a slew of innovations, from drugs to diagnostics. But with many coming from new entrants, will big pharmaceutical companies manage to keep up with the times?
Read more

Multi-asset allocation views: How durable is ‘transitory’ inflation?
22 Nov 2021
As central banks continue to stretch what ‘transitory’ inflation means, Sunil Krishnan explores how price pressures are changing and the implications for multi-asset portfolios.
Read more

The long decline: Why trend economic growth is set to go on falling
12 Nov 2021
Trend rates of economic growth, which have been on the decline for decades in the world’s leading economies, look set to fall further. That will have big implications for governments, companies, households and investors, argues Stewart Robertson.
Read more

Multi-asset allocation views: Emerging themes for portfolio diversification
22 Sep 2021
Diversification is a core tenet of multi-asset investing. Sunil Krishnan explores thematic ideas that may help diversify portfolios in the current market environment.
Read more

No more command and control: To deliver for clients, asset managers need to be agile
12 Aug 2021
Asset managers need to dismantle hierarchies and promote diversity of thought if they are to future-proof their businesses. They can learn valuable lessons from tech companies, military leaders and even ancient philosophers, writes Apiramy Jeyarajah.
Read more

Multi-asset allocation views: Moving short on duration
16 Jul 2021
A strong economic recovery and continued reflationary bias from the Federal Reserve could push long-dated yields higher on US Treasuries, says Sunil Krishnan.
Read more

The rise of retail investors
17 Jun 2021
Individual investors have long been derided for buying and selling investments at the worst possible moment. But recent events suggest this characterisation is outdated.
Read more

For richer, for poorer? Post-COVID economic fortunes likely to diverge
15 Jun 2021
The global economy looks to be recovering from the COVID-19 outbreak faster than once seemed likely. However, a big divergence in prospects is emerging between richer and poorer nations.
Read more

A tale of two hemispheres: Economic recovery from COVID-19
26 May 2021
While much of the developed world appears to be on the road to recovery, aided by the rapid roll-out of vaccines, the outlook for many poorer countries is far less favourable, says Ian Pizer.
Read more

Multi-asset allocation views: Equities on a style merry-go-round
18 May 2021
Although economic growth, operating leverage and valuations support equities, it is too early to tell whether value stocks are finally set to make a comeback, says Sunil Krishnan.
Read more

Income: A dangerous love affair
11 May 2021
Beauty is only skin deep, as the saying goes. Francois de Bruin explains what this piece of wisdom means for yield-hungry income investors.
Read more