Aviva Investors, the asset management business of Aviva, has unveiled two new multi-strategy funds in Singapore aimed to target institutional investors and certain restricted categories of investors, including HNWIs.
The two sub-funds namely the AIMS Target Return Fund and AIMS Target Income Fund will invest in a globally diversified multi-strategy portfolio with targeted volatility of less than 50% of that of global equities.
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The Target Return Fund will deliver a return of 5% a year above the European Central Bank (ECB) base rate over three-year rolling period, while the Target Income Fund will target an annualised 4% income yield above the ECB base rate.
Both the funds, which are sub-funds of Aviva’s Luxembourg-domiciled UCIT, are included in the Monetary Authority of Singapore (MAS) list of restricted schemes.
Aviva Investors head of multi-assets and portfolio manager of both funds Peter Fitzgerald told Insurance Asia News: "These global multi-strategy funds are unconstrained by a benchmark and can help investors diversify their portfolios with an outcome-oriented approach to generate returns or income that have little correlation to equities, bonds and other traditional assets."
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