Aviva Investors launches fixed income fund
Aviva Investors, the global business asset management of Aviva, has announced it has extended its Aviva Investors Multi-Strategy (AIMS) range in Australia with the launch of the AIMS Fixed Income Fund.
The fund would aim to achieve a three per cent per annum gross return above the Reserve Bank of Australia (RBA) cash rate (before charges) over any rolling three-year period, it said.
The portfolios would be constructed with an emphasis on absolute risk-adjusted returns rather than a benchmark-relative approach and the fund would additionally broaden the opportunities through the use of derivatives.
Also, the AIMS Fixed Income Fund would be expected to invest in a diversified portfolio of between 25-35 strategies, constructed into three categories: market strategies, opportunistic strategies and risk-reducing strategies.
The fund would be managed by Dan James, global head of fixed income and senior portfolio managers: James McAlevey, Orla Garvey and Joubeen Hurren, with the support from the global fixed income team and the broad investment resources of Aviva investors globally.
According to the company, the fund would also seek to exclude investments in companies that manufacture weapons, tobacco products or do significant damage to the environment.
Aviva investors’ managing director, Brett Jackson, said: “We have a positive response from the Australian market, and I am very pleased that one large global institution will be seeding the new Australian AIMS Fixed Income Fund with AU$225 million over the next few weeks.”
“While fixed income funds are generally based on two risk factors, duration and spread, our fund is uniquely positioned, relying on six risk factors: duration, spread, curve, volatility, currency and inflation.”
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