Aviva Investors has launched the second fund within its Aviva Investors Multi-Strategy (AIMS) range. The Target Income Fund, which follows the successful launch of the AIMS Target Return Fund in July 2014, is designed to deliver solutions that meet customers’ financial goals.
Aiming to deliver an annual income of 4% above the Bank of England base rate (before corporation tax) in all market conditions, the Target Income Fund follows an actively managed, globally-unconstrained multi-strategy. It aims to preserve capital; manage volatility to a target of less than half the volatility of global equities over any three-year period; and, pays income on a monthly basis.
It’s managed by Peter Fitzgerald, Head of Multi-Assets and Ian Pizer, Nick Samouilhan and Brendan Walsh, Fund Managers in the Multi-Assets team.
Chief Executive of Aviva Investors Euan Munro said:“Freedom of choice for customers will be crucial in 2015. From our conversations with them, we have found they are increasingly looking for outcome-focused investments, dictated by their financial needs rather than a benchmark. With that in mind, we created the AIMS suite of products. The Target Return Fund, the first in the range, responded to clients’ goals of achieving reliable fund growth and now we’re addressing the need for a reliable income stream with the Target Income Fund.”
Head of Multi-Assets and Co-Fund Manager Peter Fitzgerald said: “Our philosophy is that properly constructing funds is as important as coming up with good 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 interact with each other whatever is happening in markets. Clients also manage their finances on a monthly basis and expect monthly income payments, rather than funds which pay on a quarterly basis. We believe that this a truly differentiated income proposition against existing funds in the market.”
The Target Income Fund is an Open Ended Investment Company (OEIC).