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 alternative funds 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 a variety of risk drivers.
Why invest?
AIMS Target Return is an unconstrained strategy, in contrast to traditional funds 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.1
Managing volatility
Maintain fund volatility at less than half that of global equities.1
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.
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.
Aviva Investors Multi-Strategy Target Return Fund (OEIC)
The performance target of the AIMS Target Return is five per cent over the Bank of England base rate per annum over any rolling three-year periods, before fees.
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 strategy 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.
Seeking to deliver across market cycles
Survival of the fittest: Resilience, persistence and AIMS Target Return
AIMS Target Return seeks to deliver long-term capital growth with low volatility across market cycles. Learn more in this in-depth article exploring our approach.
Aviva Investors Multi-Strategy Target Return: Strategy-in-brief
Strategy-in-brief: A guide for Investment professionals.
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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Rethinking retirement: Five trends redefining financial advisers’ retirement planning
31 Oct 2024
Retirement today looks quite different from previous generations. With longer life expectancy, fluctuating market conditions and higher costs of living, planning for it has become increasingly complex. In this article, we explore five reasons why financial advisers should rethink retirement to help clients secure their financial future.
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When risks collide: The case for diversifying via liquid alternatives
23 Oct 2024
A growing number of investors are turning to alternatives to boost portfolio diversification, with the events of 2022 still fresh in their mind. In this article we look at why increased uncertainty over the future path of the stock-bond correlation, means this trend may persist.
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Multi-asset allocation views: Where next for markets after the summer storms?
9 Oct 2024
Volatility returned to markets in the third quarter of the year. While the short-term drivers are not unduly worrying, Sunil Krishnan argues multi-asset investors will need to be watchful over the medium term.
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Winds of change: The importance of a strategic asset allocation in multi-asset funds
4 Oct 2024
When market conditions change, solid foundations are paramount for multi-asset funds. Strategic asset allocation, diversification and risk management are key building blocks to help deliver consistent returns.
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Pounds, pence and chocolate bars: Three idioms to live by when investing for children
3 Sep 2024
Investing on behalf of your children can be a great way to give them a head start in life. But in an uncertain market environment, and with myriad investment options out there, it can be difficult to know where to start. In this article, Dominique Ellis, CFA, offers some key pointers.
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Survival of the fittest: Resilience, persistence and AIMS Target Return
7 Aug 2024
Aviva Investors’ Multi-Strategy Target Return managers talk about why their strategy has survived where others have failed, the lessons they have learned and why enhancements to their investment process in 2018 have been paying dividends.
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A new chapter: Time to prepare for the next phase of the real estate cycle
17 Jul 2024
David Hedalen and Jonathan Bayfield from our real assets research team highlight data that shows real estate markets in the UK and Europe may be on the brink of an important shift.
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Multi-asset allocation views: Three faces of reflation
6 Jun 2024
Reflation – another word for increasing economic activity, with an undertone that inflation isn't consistently falling – has been the dominant theme for investors so far in 2024. Sunil Krishnan explores how it is affecting bonds, equities and commodities.
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Tech’s tightening grip: What rising US stock concentration means for equity investors
8 Apr 2024
Soaring technology share prices have driven US stock market concentration to unprecedented levels and pushed the US market to a record premium relative to other markets. While both trends could persist, investors need to be aware of the implications, argues Joao Toniato.
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Heading for a soft landing? A Q&A with Peter Fitzgerald and Ian Pizer
14 Feb 2024
The managers of the AIMS Target Return strategy explain why equities look to be a better option than bonds given growing expectations the US central bank has engineered a “soft landing”.
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Elections, rates, AI and China: Four disruptive themes shaping the multi-asset outlook
14 Dec 2023
Sunil Krishnan highlights the key themes for multi-asset investors to monitor in 2024.
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Softly does it? A Q&A with Peter Fitzgerald and Ian Pizer
24 Oct 2023
The managers of the AIMS Target Return strategy explain why the prospects for a range of asset classes suddenly look much brighter.
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China versus the West:The ongoing rise of economic nationalism
2 Oct 2023
The US and China continue to trade blows as each side looks to limit the other’s access to vital products. With industrial policies also making a comeback, companies are having to navigate a rapidly changing business environment. We look at the key implications for investors.
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Multi-asset allocation views: Cutting through the noise
27 Sep 2023
Financial markets have hit the headlines several times in recent weeks. Sunil Krishnan explains how taking a long-term view can help multi-asset investors cut through the noise.
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Multi-asset allocation views: Cutting through the noise
26 Sep 2023
Issues around US tech, China, US Treasuries and Japanese monetary policy have hit the headlines in recent weeks. Sunil Krishnan explains how taking a long-term view can help multi-asset investors cut through the noise.
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Bond investing: Five things to know about fixed income
15 Sep 2023
In this article, we explain key concepts of bond investing, such as yield and duration, explore the role of bonds in investment portfolios and look at the current state of the bond 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.
Key risks
For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.
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.
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, Multi-asset & Macro; Portfolio Manager, AIMS Target Return Fund
Ian Pizer
Head of Multi-Strategy Funds and Portfolio Manager, AIMS Target Return
Explore
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.