Bringing you live news and features since 2006 

Aegon Steve Kenny

Aegon launches UK Equity Absolute Return Fund


Aegon Asset Management is launching a UK Equity Absolute Return Fund which aims to capitalise on the group’s UK equity investment process.

The fund intends to provide investors with positive absolute returns regardless of the direction of UK stocks.

It will do this through investing in long and short positions in UK listed equities, with a strong focus on reducing volatility and preserving capital.

Managed by David Griffiths and David Pringle from Aegon Asset Management’s UK equity team, the fund will use the team’s stock-picking process to select assets.

The fund will consist of three portfolios: long equity, short equity and cash. The size of the long and short portfolios will vary according to the manager’s discretion but will typically not exceed a ten per cent net long or short position.

Griffiths and Pringle will be supported by the 12-strong UK equity team headed by Stephen Adams.

The fund will normally hold between 50 and 100 stock positions and will be constructed using contracts-for-difference, which are a means of gaining long and short exposure to individual stocks.

It is structured to be uncorrelated with the equity market and aims to generate out-performance of its benchmark through diverse and uncorrelated strategies. Although it will not have an overriding theme, it is expected to benefit from macro economic and other themes identified by the UK team working closely with Aegon Asset Management’s head of strategy and chief investment officer.

To celebrate the launch of the fund Aegon Asset Management will be discounting the funds initial by 2.5 per cent to three per cent until 30 April 2010.

Steve Kenny (pictured), Aegon Asset Management’s European head of retail sales, says: “This is an exciting addition to our current UK equity fund portfolio, which will be able to maximise the stock-picking process our UK team has been deploying so successfully over the last few years for its various funds. Both David’s are very experienced UK equity investment managers and analysts, and they will be ably supported by Stephen and the wider UK team.”

The fund is a sub fund of the Aegon ICVC a UK domiciled Oeic and will have Ucits III investment powers.

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by