Square Mile Investment Consulting & Research (Square Mile) has upgraded the Aviva Investors Multi Strategy Target Return fund and the Aviva Investors Multi-Strategy Target Income fund from a Positive Prospect (P+) rating to a A rating.

Funds within the Square Mile Academy of Funds carry a rating - A, AA, AAA, Recommended or P+ - as reflection of the level of conviction Square Mile's team of analysts has in a fund's ability to deliver on expectations. Square Mile's independent, qualitative research is designed to offer advisers a solid foundation for client investment propositions and recommendations.

Commenting on the fund, Amaya Assan, Senior Investment Research Analyst at Square Mile, said:

"Both the Aviva Investors Multi Strategy Target Return fund and Aviva Investors Multi Strategy Target Income funds have plenty of moving parts and have yet to be tested over a full economic cycle, having been launched in July 2014 and December 2014, respectively. However, our conviction in the funds have steadily grown over time.

The two funds have a defined investment process that has shown to be robust and the management team have consistently followed the central tenets of the strategy, paying close attention to the needs and requirements of unitholders, whilst correctly identifying and managing the risks within the portfolio. These are qualities that we look for (in any fund) as we believe that it is difficult to have one without the other. We are therefore pleased to upgrade the Aviva Investors Multi Strategy Target Income and Aviva Investors Multi Strategy Target Return funds from a Positive Prospect to a A Rating."