AEGON Ireland launches protected growth fund

AEGON Asset Management reveals Absolute Return Fund

AEGON Asset Management is aiming to capitalise on its successful UK equity investment process with the launch of its new UK Equity Absolute Return Fund.
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Wednesday, 10 March 2010 12:00

AEGON Ireland is seeking to offer investors peace of mind by unveiling a new protected growth fund with a defined level of protection set at 80 per cent of the highest unit price reached.

The fund initially invests 70 per cent in equities, giving investors the opportunity to take advantage of market gains, and the remaining 30 per cent in cash, which is dictated by market volatility.

Boasting a below-average risk rating, the fund offers clients exposure to a broad range of UK companies by investing in a FTSE All-Share tracker fund managed by Blackrock.

David Aaron, marketing communications manager for investment products at AEGON, said: "We continue to see demand from advisers for products with a degree of security for their clients and our new protected growth fund offers just that."