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Aegon opens inflation fund to retail investors

Aegon Asset Management has made its inflation fund available to retail investors.

The fund was originally launched in July for UK institutional investors but the group is opening it up to wider demand.

It invests in directly and indirectly inflation linked investment vehicles in a bid to mitigate “growing concerns over the effects of inflation”.

These include inflation linked bonds, equities, currencies, commodities and cash.

It is managed by Stephen Jones and aims to outperform the FTSE index linked gilts benchmark over five years.

Aegon Asset Management European head of retail sales Steve Kenny says: “The Bank of England has only recently highlighted that it expects inflation to remain high well into next year. Our investors have also been expressing similar concerns for some time now, which is why we have opened the fund up to the wider investment market.”

The fund carries an initial charge of 5.5 per cent which will be discounted to 3 per cent until November 15, 2011. It has a 1 per cent annual management charge.

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