Aviva Investors, the global asset management business of Aviva plc (Aviva), has launched a second fund in the Aviva Investors Multi-Strategy (AIMS) range in Australia: the AIMS Target Income Fund (ARSN 612 806 498). The fund is available for Australian institutional investors, and retail investors through platform providers.
The AIMS Target Income Fund:
· Targets annual income of 4% above the Reserve Bank of Australia (RBA) cash rate before taxes and charges.
· Seeks to preserve capital
· Manages volatility to a target of less than half the volatility of global equities over any three-year period.
· Pays income on a monthly basis.
The fund is managed by Peter Fitzgerald, Ian Pizer, Nick Samouilhan and Brendan Walsh. They are supported by dedicated risk analysis and investment strategy teams. Chief Executive Euan Munro chairs the Strategic Investment Group, a company-wide forum that provides the fund’s managers with investment ideas.
The AIMS Target Return Fund (ARSN 605 042 288) in Australia was launched to the Australian market in July 2015. The AIMS Target Return Strategy has raised approximately AUD 8.5 billion globally (as at 10 June 2016) since the strategy was launched in July 2014, with good support from institutional clients and retail platforms.
Brett Jackson, Head of Business Development, Australasia, said:
“The launch of the AIMS Target Income Fund comes at an opportune time for the Australian market, which has been characterised by low inflation, low growth and low interest rates. From our initial conversations, clients and prospects have responded well to the fund’s innovative construction and sophisticated approach to delivering sustainable and diversified income streams, especially during times of heightened market stress. Having two funds successfully registered in Australia marks a major milestone for Aviva Investors globally and reaffirms our commitment to this market as we enter a new phase of growth.”
Brendan Walsh, Co-Fund Manager, added:
“Our philosophy is that fund construction is as important as generating investment ideas. Clients want their money to work hard and be protected in all market conditions and the strategies in the AIMS Target Income Fund are designed to perform whatever is happening in markets.”
