On 1 April 2023 we updated the name of the Aegon BlackRock Global Property Securities (BLK) fund to the Aegon BlackRock Environment & Low Carbon Tilt Property Securities (BLK) fund across all share classes available via the Aegon TargetPlan fund range.
The fund’s objective and benchmark were also updated. Nothing else about the fund will change because of this.
The changes in more detail
The underlying fund manager, BlackRock, updated the fund name to reflects the fund’s increasing focus towards environmental, social and governance ‘ESG’ considerations. To make sure our version of the fund matches the underlying fund, we updated it.
| Old fund name | New fund name |
|---|---|
| Aegon BlackRock Global Property Securities (BLK) fund | Aegon BlackRock Environment & Low Carbon Tilt Property Securities (BLK) fund |
Source: Aegon UK
Fund benchmark and objective changes
Benchmarks are used to measure a fund’s performance against similar types of investments, similar markets or regions. The fund objective explains how the fund invests and what it’s trying to achieve for investors.
The underlying fund manager, BlackRock, has updated the benchmark to incorporate certain ESG considerations. The objective has also been updated. To make sure our version of the fund matches the underlying fund, we updated it.
| Old fund benchmark | New fund benchmark |
|---|---|
| FTSE EPRA/NAREIT Developed Index | FTSE EPRA/NAREIT Green Low Carbon Target Index |
| Old fund objective | |
| The fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the fund) by closely tracking the performance of the FTSE EPRA/NAREIT Developed Index. The fund invests in equity securities (shares) of companies that make up the benchmark index. The benchmark index measures the performance of equity securities of leading property companies listed globally. Derivatives and forward transactions may be used for the purposes of efficient portfolio management. | |
| New fund objective | |
| The fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the fund) by closely tracking the performance of the FTSE EPRA/NAREIT Developed Green Low Carbon Target Index. The fund invests in equity securities (shares) of companies that make up the benchmark index. The benchmark index measures the performance of equity securities of leading property companies listed globally. Derivatives and forward transactions may be used for the purposes of efficient portfolio management. | |
Source: Aegon UK
There’s no guarantee the fund will meet its objectives. The value of an investment can fall as well as rise and is not guaranteed. Investors could get back less than they pay in.
We’ll update our literature and our website as soon as we can, but investors may notice the old and new information in use for a time.
You can find more information about this fund in the fund factsheet on the ‘Fund prices and performance’ page on our website by selecting ‘TargetPlan funds’.
What current investors need to do
Existing investors don’t need to do anything. Please speak to a financial adviser if you’re not sure about what these changes mean for you. If you don’t have a financial adviser, you can visit moneyhelper.org.uk/choosing-a-financial-adviser to find the right one for you.