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Aegon Asset Administration has introduced it has accomplished the transition of the Aegon Diversified Progress Fund to a sustainable multi-asset funding technique.
To mirror this transfer, the corporate mentioned the fund can be renamed the Aegon Sustainable Diversified Progress Fund from 1 April.
Co-managed by Colin Dryburgh and Robert-Jan van der Mark of Aegon AM’s Multi-Asset Workforce, the £534m fund goals to return 4% over inflation by way of a globally diversified portfolio of equities, bonds and different belongings.
Incorporating a sustainable philosophy and apply will assist us to seize alternatives and minimise unintended ESG-related dangers.”
In January 2020 the managers started transitioning the fund to profit from compelling sustainability-related funding themes. This was achieved initially by way of the worldwide fairness allocation and adopted by the fastened earnings and options allocations. The fund’s identify and funding coverage will change to mirror the sustainable focus, though the target will stay the identical.
Aegon AM’s Multi-Asset Workforce defines sustainable companies as these the place merchandise, providers and enterprise practices are positively aligned with at the very least considered one of six key sustainability themes: local weather change, eco options, useful resource effectivity, sustainable development, inclusion, and well being & wellbeing.
The fund invests throughout sustainability ‘leaders’, these investments Aegon AM’s sustainability evaluation determine as displaying exemplary sustainability credentials, and ‘improvers’, by which the managers intention to capitalise upon constructive change.
Stephen Jones, world CIO of Multi-Asset and Options, mentioned: “The Aegon Diversified Progress Fund is already capitalising upon most of the sustainability-related shifts which are happening globally. Incorporating a sustainable philosophy and apply will assist us to seize alternatives and minimise unintended ESG-related dangers.”
“The change of identify to the Aegon Sustainable Diversified Progress Fund signifies the completion of the fund’s transition and indicators our sustainability dedication to buyers and advisers.”
Aegon AM has a protracted historical past of managing accountable funding methods, with its first specialist fund launched over 30 years in the past. Immediately Aegon AM manages £190 billion globally in specialist accountable funding portfolios. The Aegon Sustainable Diversified Progress Fund will draw upon the agency’s capabilities in accountable funding and the assets and asset-class experience of its world funding platforms.
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