View more on these topics

Aegon set to close UK cautious managed and European bond funds

Aegon Asset Management has announced plans to close its UK cautious managed and European bond funds on July 31, 2009.

The group says the funds are now at a level that have made them uneconomical to run and have little scope to attract significant demand in the future.

The European bond fund is currently £3.6m and the UK cautious managed fund is £7.8m

Aegon is offering a free switch into another fund at the firm, while Isa investor may choose to go to another provider.

Aegon Asset Management sales and marketing director Jon Bennett says: “The funds are now at a level whereby they are uneconomical to run and this could potentially disadvantage our investors.

“This coupled with the fact that in these difficult economic times we do not believe there is the necessary longer term appetite for the funds, it means closure is the only really viable option.”

Recommended

High Court hearing for Emag challenge

The Equitable Members’ Action Group has won a High Court hearing to challenge the Government’s response to the Parliamentary Ombudsman’s report into the regulation of Equitable Life.

1

Know your indices

Today Nationwide revealed that house prices increased by 1.2 per cent in May, but upcoming house price indices may tell a different story.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com