Aviva Investors is targeting an income of 4 per cent above the Bank of England base rate with its latest multi-asset fund launch.
The second fund in the Aviva Investors Multi-Strategy (Aims) range will be a Target Income fund.
It will aims to have less than half the volatility of global equities over a three year period and have monthly income payments.
Peter Fitzgerald, head of multi-assets at Aviva, will manage the fund along with Ian Pizer, Nick Samouilhan and Brendan Walsh.
The first fund in the range, the Aims Target Return fund, was launched in July 2014 and a third fund, Target Inflation, is due to be launched next year.
