Aviva Investors, the global asset management business of Aviva plc, has announced the launch of two funds in the Aviva Investors Multi-Strategy (‘AIMS’) range: the AIMS Target Return Fund and AIMS Target Income Fund.
The funds, which are included in the Monetary Authority of Singapore’s (MAS) list of restricted schemes, are available to institutional investors and certain restricted categories of investors, including high net-worth individuals.
The AIMS Target Return Fund (AIMS TRF)1 aims to deliver a return of 5% per annum above the European Central Bank (ECB) base rate (or equivalent) over any rolling three-year period, whereas the AIMS Target Income Fund (AIMS TIF)2 aims to deliver an annualised 4% income yield above the ECB base rate (or equivalent) over any rolling three-year period.
Both funds seek to preserve capital by investing in a globally diversified multi-strategy portfolio with targeted volatility of less than 50% of that of global equities. The funds’ registration in Singapore as restricted schemes forms a key part of Aviva Investors’ expansion strategy in the Asia Pacific region, following on from the launch of the AIMS Target Return feeder fund in Australia earlier this year and the recent appointments of Lian Yang as new Taiwan Head in August and CTBC Investments Co. Ltd (“CTBCI”) as new Taiwan Master Agent.
Peter Fitzgerald, Head of Multi-Assets and Portfolio Manager of AIMS TRF and TIF at Aviva Investors, said, “These global multi-strategy funds are unconstrained by a benchmark and can help investors diversify their portfolios with an outcome-oriented approach to generate returns or income that have little correlation to equities, bonds and other traditional assets. Fund managers can invest as much or little as they want across asset classes and geographies, all supported by our dedicated risk analysis and investment strategy teams.”
Kevin Talbot, CEO of Asia Pacific at Aviva Investors, said: “Having the two Multi-Strategy funds successfully registered in Singapore marks a major milestone for Aviva Investors’ as we enter a new phase of growth for the business. Our focus is to be global leaders in outcome-oriented solutions, which are our AIMS range of funds. These funds are doing extremely well in terms of performance and growth of funds under management, and we are excited to bring them to our clients in the region.” First launched in the UK in July 2014 and December 2014 respectively, AIMS TRF and AIMS TIF have witnessed great investor interest globally, with assets under management totalling £1.9 billion as of September 30, 2015.
The Aviva Investors Multi-Strategy range is part of a renewed focus under Chief Executive, Euan Munro to deliver solutions shaped to meet financial goals of customers. Euan Munro, Chief Executive of Aviva Investors, said: “No matter who they are, investors want simple and specific outcomes from their financial products. I have spent 20 years speaking with clients and found four financial goals common to everyone. Whether you are a pension scheme, corporation, financial adviser or individual saver, what matters is achieving reliable fund growth, securing a reliable income stream, obtaining a return that exceeds inflation or increases the likelihood that you will meet a specific future financial liability. “We aim to deliver value, ignoring traditional benchmarks, and instead combine our considerable expertise in real estate, fixed income, and equities into compelling solutions.”