Aegon Asset Management has launched the Aegon ABS Opportunity fund for lead manager Frank Meijer, which will actively invest in the asset-backed securities market.
The new fund aims to deliver a through-the-cycle return of Euribor + 500bps by investing in ABS markets across the globe, focusing on European issues with a credit rating deemed to be ‘non-investment grade'. The vehicle will be managed using the expertise of the 20-strong global ABS team, which already runs €15bn worth of ABS strategies globally, with Meijer at the helm. Aegon AM retires Kames Capital name as it completes brand refresh Meijer says: "We believe that clients have been drawn to ABS for a number of reasons, not least the attractive yield offered compared to traditional...
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
