The global asset management arm of London-listed Aviva has boosted its Asian multi-strategy range.

Aviva Investors has launched two multi-strategy funds for Singapore-based investors.

The AIMS Target Return Fund (AIMS TRF) and AIMS Target Income Fund (AIMS TIF), which are aimed at institutional investors and high net worth individuals, form part of the Monetary Authority of Singapore’s list of restricted schemes. The AIMS TRF will target a return of 5 per cent per year above the European Central Bank base rate over any three-year period while the AIMS TIF will target a 4 per cent annual income yield. 

The double launch, which comes as part of Aviva’s growth drive in the Asia-Pacific region, follows the addition of the AIMS Target Return feeder fund in Australia earlier in the year, as well as the appointment of Lian Yang as Taiwan head in August.  

“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,” said Peter Fitzgerald, head of multi-assets and portfolio manager of AIMS Target Return Fund at Aviva Investors.  

"Fund managers can invest as much or little as they want across asset classes and geographies, all supported by our dedicated risk analysis and investment strategy teams."
 
Both funds originated in the UK last year, with assets under management totalling £1.9 billion (about $2.9 billion) as of the end of September.