Low cost multi-asset funds without compromising on quality

The Aviva Investors Multi-Asset Core Funds (MAF) aim to give your clients a simple way to grow their investments. And five risk-rated funds means that there’s something to suit different client appetites.

The range invests globally using our in-house strategic asset allocation across 4,000+ equities and bonds, providing access to a variety of different investments – all in one place.

You can access Multi-Asset Core Funds via a range of different pension, investment and savings products. Get in touch to find out more.

Why invest in Multi-Asset Core Funds?

Aviva Investors Multi-Asset Core Funds aim to build long-term wealth for investors, while reducing the complication and expense of investing.

Great value

A low fixed OCF of 0.15%, achieved using firm heritage and scale. 

Global investment style

Invests in over 4,000 global equity and fixed income assets.

Multi-asset expertise

Aviva Investors has been managing multi-asset investment solutions for almost 50 years.

A range of five global, risk-rated funds

maf core

Growth assets include equity but also riskier forms of fixed income. 
Defensive assets include sovereign debt, investment grade credit and cash.

Explore fund performance and key data

Find the latest prices and performance data in our fund centre via the links below. Investors can choose from five funds, which have a mix of growth and defensive assets aligned to their different risk/return preferences. Those investors prepared to take more investment risk could benefit from higher long-term returns.

Multi-asset Core Fund I

The Fund is managed to a “defensive” risk profile. It targets 20% equity market risk* aiming to remain within a defined risk range of 16% to 24%.

Multi-asset Core Fund II

The Fund is managed to a “cautious” risk profile. It targets 45% equity market risk* aiming to remain within a defined risk range of 41% to 49%.

Multi-asset Core Fund III

The Fund is managed to a “moderately cautious” risk profile. It targets 60% equity market risk* aiming to remain within a defined risk range of 56% to 64%.

Multi-asset Core Fund IV

The Fund is managed to a “balanced” risk profile. It targets 75% equity market risk* aiming to remain within a defined risk range of 71% to 79%.

Multi-asset Core Fund V

The Fund is managed to an “adventurous” risk profile. It targets 100% equity market risk* aiming to remain within a defined risk range of 96% to 104%.

* The funds target a percentage of overall equity market volatility as measured by MSCI® All Country World Index.

  CORE I CORE II CORE III CORE IV CORE V
Performance Benchmarks 20% Global equity
80% Global bonds
45% Global equity
55% Global bonds
60% Global equity
40% Global bonds
75% Global equity
25% Global bonds
100% Global equity
0% Global bonds
Target Equity Volatility

20%

45%

60%

75%

100%

Outperformance Objective  +0.30% +0.30% +0.30% +0.30% +0.30%
Fixed Fund OCF 0.15% 0.15% 0.15% 0.15% 0.15%

Global equity = MSCI® All Countries World Index (Net)
Global bonds = Bloomberg Global Aggregate Bond Index Hedged GBP

  CORE I CORE II CORE III CORE IV CORE V
Defaqto 2 4 5 7 9
Dynamic Planner

3

4

5

6

7

EValue 5 7 8 9 10
Synaptic 2.8 3.2 3.7 4.3 5.1
FinaMetrica 20-45 46-67 58-67 68-76 77-100
Risk agency logos

Want to introduce MAF Core to your clients?

In this client-friendly video, Sunil Krishnan, Head of Multi Asset, explains what the MAF Core fund range is, how it is managed and how our heritage has helped deliver five low-cost funds with clear risk and return outcomes.

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Transcript  for video Want to introduce MAF Core to your clients?

In this client-friendly video, Sunil Krishnan, Head of Multi Asset, explains what the MAF Core fund range is, how it is managed and how our heritage has helped deliver five low-cost funds with clear risk and return outcomes.

MAF: Range in brief

PDF 834.2 KB 10 pages

We offer three multi-asset fund ranges to help you find the right solution for your clients. Learn more about our multi-asset fund range.

Multi-asset insights

Investment thinking that brings together the collective insight of Aviva Investors’ teams from across the globe on the key themes influencing markets.

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

Ask the Fund Manager

A weekly series where multi-asset fund managers give their view on the latest market events, in less than five minutes.

Watch now

The Multi-Asset Trilogy

45 minutes

Explore the three essential and timeless pillars of diversification and how to add value across the major asset classes to help clients get the best outcomes.

Investment Director Peter Smith speaks to Portfolio Manager of our MAF Core and Plus funds, Baylee Wakefield, about:

  • Global equity diversification
  • Balancing fixed income exposure
  • The use of alternatives in today's portfolios
This event qualifies for 45 minutes CPD

What big questions are investors asking right now?

45 minutes

Join our multi-asset team as we ask them the big questions from investors heading into 2025.

Smera Ashraf, Head of Global Wealth UK, will host a live discussion and Q&A with Sunil Krishnan and Baylee Wakefield from our multi-asset portfolio management team, who will be answering the most-asked questions from clients.

This event qualifies for 45 minutes CPD

Key risks

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

Investment 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.

Emerging markets risk

The funds invest in emerging markets; these markets may be volatile and carry higher risk than developed markets.

Derivatives risk

The funds use derivatives; these can be complex and highly volatile. Derivatives may not perform as expected, which means the funds may suffer significant losses.

Multi-asset expertise

Meet our multi-asset fund range team.

Contact us

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Explore

MAF Plus: Multi-asset fund range

A comprehensive multi-asset investing solution that invests in Growth, Defensive and Uncorrelated assets. Each MAF Plus fund benefits from day-to-day portfolio management.

MAF Stewardship

Risk-profiled multi-asset portfolios with a focus on sustainable investment linked to our three pillars: Social, Climate and Nature.

This product does not have a UK sustainable investment label. This is because – although the fund has sustainability characteristics - it does not meet the criteria for a label. Sustainable investment labels help investors find products that have a specific sustainability goal. They can only be applied to funds with an explicit sustainability objective and that meet other specific regulatory criteria for a UK sustainable investment label.