Aegon UK has invested £3bn in a range of new UK-domiciled BlackRock ESG index mutual funds it helped to design, doubling the ESG exposure in its Workplace Default fund and increasing exposure in a number of its other default fund options.
Along with a BlackRock ESG fixed income index fund, the range will become underlying funds for the Aegon Workplace Default fund, taking its ESG exposure from 30% to 60% for investors still in the growth stage of accruing funds for retirement, and will increase to 40% for those in retirement. Aegon worked with BlackRock on the range of six iShares ESG equity index funds which track newly-launched Morningstar ESG Enhanced indices, covering regional and country-specific exposures. Aegon Property Income fourth distribution due late April The new indices have an explicit 30% decarbonisa...
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