GARS rivals grow as Aviva Investors adds income fund to multi-strategy range

Aviva Investors has launched an income-focused multi-strategy fund, the second in its range of multi-asset products to rival GARS.

The AIMS (Aviva Investors multi-strategy) Target Income fund aims to provide annual income of 4% above the Bank of England base rate, before corporation tax, paid on a monthly basis. Run as an unconstrained portfolio, the fund will also target half the level of volatility of global equities. The new fund forms part of a strategy announced by the business after former Standard Life Investments multi-asset chief Euan Munro joined as CEO at the beginning of the year. In July, Aviva Investors launched the first product in its new range, the AIMS Target Return fund. The AIMS Target I...