Aviva Investors, the global asset management business of Aviva, and Virtus Investment Partners, multi-manager asset management firm, have joined forces to develop open-end mutual funds for the US retail market.
The partnership will enable Virtus to exclusively provide Aviva Investors’ outcome-oriented investment strategies in US open-end mutual funds, beginning with the Virtus Multi-Strategy Target Return Fund, a new global asset allocation fund for which Aviva Investors will be the sub-advisor.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The Virtus Multi-Strategy Target Return Fund will seek to achieve a long-term total return target by employing a fundamental research strategy and will address investor interest in outcome-oriented solutions.
The fund that is expected to be available to investors in the second quarter of 2015 has been filed for registration with the US Securities and Exchange Commission.
Aviva Investors CEO Euan Munro and Virtus president and CEO George Aylward said: "The agreement allows the companies to leverage Aviva’s extensive investment capabilities, particularly its disciplined, transparent approach to creating consistent and explainable performance, and Virtus’ product development expertise and its consultative approach to partnering with financial intermediaries."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
