Aegon Asset Management is to launch a multi-asset fund next month, targeting an annual return of 10 per cent over a three-year period.
The Aegon Strategic Assets fund will launch on March 1 and will comprise of predominately long only investments, principally in equities and fixed income.
The fund will be placed in the IMA cautious managed sector while the management of the fund will split between William Dinning, head of investment strategy, and Sean Flanagan, from the firm’s multi asset group.
Minimum investment is £500, while the fund carries an initial charge of 5.5 per cent, which is being discounted to 2.5 per cent for lump sum investment until March 1, 2012. The annual management charge is 1.5 per cent.
Head of retail sales Steve Kenny says: “The fund is specifically aimed at the retail market and is designed to be easily understandable for the general investor, whilst targeting an annual return of 10% across all market conditions.”