Combing View Formatters with Custom Formatter
Custom Formatters module is a (another) good way for this, you can check more samples in official website at: http://customformatters.com.

You probably need to use PHP code for this and get all advantages of powerful Drupal API,  tokens are limited uses for simple outputs without rewrite.

Example for render image fields (do NOT include ):

$output = '';
foreach ($variables['#items'] as $item) {
    $output .= theme('file_link', array('file' =&gt; (object) $item)); 
}
return $output;