Core Aggregate
Inception Date:7/1/2000
Benchmark: Barclays Capital US Aggregate Index
Aviva Investors Core Aggregate Fact Sheet
Description:
Aviva Investors believes that excess returns can be generated by applying fixed income expertise across the major US bond sectors. Our Core Aggregate solution provides diversified fixed income investments targeted at producing a stable current income with the potential for enhanced total returns. The concentration of highly rated investment grade bonds reduces the risk relative to other fixed income strategies. Core Aggregate utilizes high quality bonds in order to gain diversified exposure to the US bond market and are designed to capitalize on the forward-looking investment environment forecast.
Commentary
U.S. economic growth is continuing on a path of recovery. We expect an annualized increase in GDP of 2.5%
for 2011. We foresee a moderate improvement in the employment picture, positive corporate earnings,
persistent weakness in housing and a moderate increase in consumer spending, consistent with our overall
moderate growth outlook. We believe strong fundamentals, improved technicals and relatively attractive
valuations bode well for spread asset performance. With the issuance of Treasuries expected to remain
at historically high levels and continued improvement in economic conditions, we expect yields to i
ncrease gradually over the intermediate term.
read complete commentary (pdf)
Fact Sheet
Aviva Investors provides detailed composite information including performance and portfolio characteristics on a quarterly basis. Please follow the link to view this quarter's core aggregate fact sheet.
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Investment Process
Aviva Investors seeks to customize investment solutions to the client's objectives, including spread/return objectives, rating agency guidelines and risk parameters. Those objectives are the foundation for our five-phase investment process.
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Research Framework
Aviva Investors uses the FTV framework as the cornerstone of our investment process: Fundamentals, Technicals and Valuations.
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