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What is changing?
On the 01 of April the AIMS Target Return Fund is updating its long-term performance target to: Cash +3% per annum, measured over rolling three year periods. This replaces the previous cash +5% target.
Aviva Investors is updating the fund’s return target to better reflect today’s market conditions. The fund is managed in the same way, with the same focus on controlling risk the target is simply more realistic and easier to judge fairly.
The change reflects a reassessment of what represents a realistic and sustainable performance target in today’s market environment. Since interest rates have risen significantly, a cash +5% target now implies a much higher absolute return hurdle than when the target was originally set. Achieving that level of return consistently would require either a materially higher risk, or a strategy that no longer aligns with the fund’s intended role.
Moving to cash +3% ensures the stated objective remains achievable across market cycles and better aligned with how the fund is managed and used in portfolios.
There is no change to how the fund is managed. The investment philosophy and process remain unchanged. The asset universe, portfolio construction, risk framework and volatility objective remain the same. The fund continues to be managed in the same way. Only the performance target is being updated.
It means the fund aims to outperform cash over time while delivering returns meaningfully ahead of savings rates targeting significantly lower volatility than global equity markets. This supports the fund’s positioning as a lower risk, diversifying allocation, rather than a substitute for equity exposure.
No, the change does not alter the fund’s risk profile, it is a clarification of expectations, not a change in strategy.
This change does not affect how policy holders’ money is invested. It simply makes it easier to understand what the fund is aiming to achieve and how to judge its performance. The fund remains designed to grow money gradually, while helping to limit sharp movements in value.
Aviva Investors is updating the return target for the AIMS Target Return Fund. The fund now aims to deliver cash plus 3% a year, over time. This replaces the previous target of cash plus 5%. The change reflects how markets work today and helps set clearer, more realistic expectations.
The way the fund is managed is not changing. The investment approach, the types of investments used, and the focus on managing risk all stay the same. The fund will continue to aim for steady returns with fewer ups and downs than stock markets.
This change does not affect how your money is invested. It simply makes it easier to understand what the fund is aiming to achieve and how to judge its performance. The fund remains designed to grow your money gradually, while helping to limit sharp movements in value.
Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment can go down as well as up.
Warning: If you invest in this product you may lose some or all of the money you invest.
Warning: The income you earn from this investment may go down as well as up.
Warning: This product may be affected by changes in currency exchange rates.
Aviva Life & Pensions Ireland Designated Activity Company, is a private company limited by shares, registered in Ireland No. 165970. Registered office at Building 12, Cherrywood Business Park, Loughlinstown, Co. Dublin, D18 W2P5. Tel (01) 898 7950, www.aviva.ie
Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland.
