The fund is managed by Peter Fitzgerald, head of multi assets, alongside team members including Ian Pizer, Nick Samouilhan and Brendan Walsh. This is the same personnel behind AIMS Target Return Fund (5% pa above the base rate), which launched in July.
Specific holdings for AIMS Target Income Fund have yet to be unveiled, though the fund invests across three buckets. These are: ‘market strategies’ (corporate bonds, property-related equities, European equities etc); ‘risk-reducing strategies’ (government bonds, currencies); and ‘opportunistic strategies’ (US equities, European government bonds).
The fund will manage volatility to a target of less than half of global equities over any three-year period, and pay out income on a monthly basis.
The fund is unconstrained by benchmark, with the managers free to invest as much or little as they want across asset classes and geographies.
“Our philosophy is that properly constructing funds is as important as coming up with good investment ideas,” Fitzgerald said.
“Clients want their money to work hard and be protected in all market conditions and the strategies in the AIMS Target Income Fund are designed to interact with each other whatever is happening in markets.”
A third fund in the range, AIMS Target Inflation, is due to launch in 2015.
