Aviva Funds Absolute Tactical Asset Allocation Fund unveiled

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Aviva Funds Absolute Tactical Asset Allocation Fund unveiled

The Aviva Funds Absolute Tactical Asset Allocation Fund has been launched today by Morley Fund Management through Aviva.

Morley claims that the product is unitised in its structure, has a daily pricing system and will operate on a global level.

The fund will seek to add 15 per cent per year on top of the London Interbank offered rate and provide attractive returns to institutional and pension funds.

Morley intends the Aviva Funds Absolute Tactical Asset Allocation Fund to do this through taking an active position in bonds, currency and equities.

The company already applies the global tactical asset allocation strategy that will be used in this new product to more than £800 billion worth of existing funds.

Morley claims that it has outperformed its target return through asset allocation, with value added in each year, for the last seven years.

More information on the company and the products it offers can be found on its website.