Aegon Asset Management will discount the management fee on its Property Income fund as a result of the ongoing suspension, which it anticipates will end in the first quarter of 2021.
The Aegon Property Income fund (formerly Kames) will temporarily have a discount of 0.15 percentage points applied to the annual management charge, bringing the fee to 0.6% as of 1 November 2020 until the end of the suspension period, according to its latest suspension update. Property investors remain cautiously positive amid value and income decline The discount has been applied due to the "significant inconvenience" caused by the continued suspension, which began on 16 March 2020. An August review of the fund and its suspension detailed an anticipated re-opening date of Q1 2021,...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
