Aegon property fund remains suspended as it approaches first anniversary

Cash level to rise to 22% by the end of Q1

clock • 1 min read

Aegon has maintained the suspension of the Aegon Property Income and Income Feeder funds (formerly Kames) as it remains well short of its target liquidity position.

In its March 2021 update, the firm reasserted the suspension will be lifted "when we are satisfied that the fund has sufficient liquidity", which currently remains "below our target liquidity level". M&G mulls opening date for suspended property fund According to a February Q&A document, this liquidity level is "typically" 20%, but with redemptions anticipated, the fund will have to reach a higher level than this before opening in order to "remain at this target level once it has reopened". The most recent factsheet for the fund (31 January), shows the level of net current assets, ...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

Trustpilot