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Aegon makes offshore foray

Aegon Asset Management is introducing Dublin-domiciled strategic global, high-yield global and investmentgrade global bond funds which are available for distribution in the UK, Channel Islands, Ireland and Switzerland.

The strategic global bond fund will be run by David Roberts and Philip Milburn. It will look to invest across AAA-rated government bonds, high-yield and emerging market corporate bonds.

Milburn will also manage the high-yield global bond fund in tandem with support manager Euan McNeil, looking at any high-yield paper regardless of currency.

The investment-grade global bond fund will fall under the management of Roberts, with McNeil as support manager. It will look at investment-grade and government bonds while also holding certain high-yield bonds and cash.

Minimum investment is $100,000 or the euro or sterling equivalent. Initial charge on the A shares is 4.5 per cent and annual charge 0.8 per cent.

Marketing & retail sales Jon Bennett says: ‘This is our first foray into the offshore fund territory and follows demand from existing clients who want access to our award-winning fixed-income team for offshore clients.”

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