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 leveraging 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
The U.S. should benefit heavily from fiscal stimulus and inventory rebuilding in the first half of 2010, resulting in a short-lived V-shaped recovery. We expect slower growth in the second half, however, as the impact of fiscal stimulus fades and small businesses and households continue to suffer from a lack of credit availability. While fixed income credit spreads have tightened substantially from record wide levels, they remain attractive relative to long-term averages. We continue to see opportunities to profit from tighter spreads in credit and securitized markets.
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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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