Aviva Investors has launched a multi-sector fund to give investors exposure to five different UK-focused funds specialising in alternative sectors such as housing infrastructure and ground rents.
The vehicles make up the insurance giant’s Return Enhanced and Liability Matching (REaLM) family of funds, which aim to provide secure, long-term returns.
The REaLM Multi-Sector Fund has received an initial commitment from a UK corporate pension scheme, which has not been named publically.
Julian Taylor, head of REaLM at Aviva Investors said: “We are excited to be adding the Multi-Sector Fund to our REaLM offering. Since launching the strategy last year, UK pension funds have invested £725m with us, which underlines the demand for liability-matching products that can help address the under-funding issues experienced by many.
“Through a single vehicle, investors now have the opportunity to diversify their holdings across our different REaLM funds – an attractive proposition for smaller pension schemes which may not have the capacity to separately invest in the different sectors.”
Aviva Investors has £274bn of assets under management globally.
sophia.furber@estatesgazette.com
