This is a new fund but based on an established structure. In a changing market environment investors are looking for something to protect against extreme volatility. Out of this need came the Standard Life Global Absolute Return Strategy Fund. This has a track record going back to 2008, and even before that for the Standard Life Pension Scheme. However, its track record has faltered over the last 18 months, and senior members of the team have left in the past few years. Some set up a fund at Invesco and the newest offering is from Aviva.
The Aviva Fund has been running for just over 2 years with a return of 3.39% p.a. which is slightly behind the three-year target return but volatility is down below 3% compared to global equities of over 10%…..(read more)