On the 31 March 2023, we updated the fund objective for the Aegon Global Sustainable Multi-Asset Growth (AMT) fund. Then, on 3 July 2023, we’re also updating the benchmark for this fund.
The changes in more detail
The fund objective explains how the fund invests and what it’s trying to achieve for investors.
Benchmarks are used to measure a fund’s performance against similar types of investments, similar markets or regions.
The underlying fund manager, Ninety One, has updated the fund objective. It will no longer be using a benchmark of UK Consumer Prices Index (CPI) +4% per year over five-year periods. It is replacing this with a benchmark it feels better reflects the types of investments the fund holds.
To make sure our version of the fund matched the underlying fund, we’re updating it. Details are in the table below:
Old fund objective |
New fund objective
|
This fund aims to produce returns of UK CPI +4% (before charges) per year over rolling 5-year periods by investing in assets across the globe such as the shares of companies, bonds, and alternative assets. Derivatives may also be used for investment purposes. The fund focuses on investing in companies and countries the fund manager believes to have policies, operations and/or business models that aim to minimise their harmful effects on society and the environment, or whose products and/or services seek to benefit society and the environment. The fund is actively managed, so returns may not replicate those of the benchmark |
This fund aims to provide capital growth (to grow the value of your investment) and income over rolling 5-year periods by investing in assets across the globe such as the shares of companies, bonds, and alternative assets. Derivatives may also be used for investment purposes. The fund focuses on investing in companies and countries the fund manager believes to have policies, operations and/or business models that aim to minimise their harmful effects on society and the environment, or whose products and/or services seek to benefit society and the environment. The fund is actively managed, so returns may not replicate those of the benchmark.
|
Old benchmark |
New benchmark |
UK CPI +4% p.a |
Composite Index of 60% MSCI ACWI NR GBP Hedged + 40% JPM Government Bond Index (GBI) GBP Hedged |
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 invest.
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.