Aviva Investors, the global asset management business of Aviva plc (‘Aviva’) with assets under management of £290 billion [1], today announced that its Aviva Investors Multi-Strategy Target Return Fund (ARSN 605 042 288) has received a “RECOMMENDED” rating by Lonsec Research Australia, an independent investment research body.
The fund aims to deliver a return of 5% per annum above the Reserve Bank of Australia (RBA) base rate over any rolling three-year period, with less than half the volatility of global equities.
The AIMS Target Return Fund in Australia was launched to the Australian market in July 2015. The AIMS Target Return Strategy has raised approximately AUD 8.5 billion (as at 10 June 2016) globally 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:
“We are delighted to receive the positive rating from LONSEC within such a short time frame since the fund was launched in Australia. We are also happy that both the Macquarie Wrap and Colonial Wrap platforms have now added our AIMS Target Return Fund to their investment offerings. The fund being added to the platforms will continue to build good momentum for our AIMS range in the retail sector. In the current environment of low yields and volatility, it is no longer sufficient to beat the benchmark. We are thrilled that our outcome-oriented investment approach resonates well with Australian investors that are looking for specific outcomes regardless of the market conditions.”
