On 23 January 2024, we’re closing the Aegon CT China Opportunities (AOR) fund, available as part of our insured One Retirement (AOR) fund range. When the fund closes, we’ll move investors into the Aegon Janus Henderson China Opportunities (AOR) fund unless they tell us to move it to a different fund before then.
We’re writing to all those affected to let them know about the closure.
Why we’re closing the fund
The underlying fund manager, Columbia Threadneedle Investments, is closing the underlying fund on 26 January 2024, so we’re closing our version of the fund.
What this means for investors
Until the fund closes, investors can stay invested and carry on paying into it. Then, on 23 January 2024, we’ll move their investment and all future investment into the Aegon Janus Henderson China Opportunities (AOR) fund, free of any switch charge.
There’s more information about the alternative fund in the table below:
Closing fund |
Alternative fund |
Aegon CT China Opportunities (AOR) |
Aegon Janus Henderson China Opportunities (AOR) |
Fund Charge¹ |
|
0.92% |
0.88% |
Aegon Janus Henderson China Opportunities (AOR) fund objective |
|
The fund aims to outperform the MSCI Zhong Hua 10/40 Index by 2.5% a year, before charges, over any 5-year period. It does this by investing at least 80% of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, in any industry, in China or Hong Kong. Companies will have their registered office in or do most of their business (directly or through subsidiaries) in this region. The fund may invest up to 50% of its assets in China A Shares. The Aegon fund has higher charges than the underlying Janus Henderson fund and will therefore be less likely to meet this target.
|
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Source: Aegon UK
¹This is on top of any product or adviser charge and includes a fixed management fee, plus expenses that vary with the day-to-day costs of running the fund.
You can find more information about this fund in the fund factsheet on the ‘Fund prices and performance’ page of our website by selecting ‘One Retirement.’
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’ve paid in.
What current investors need to do
If current investors are happy for their investment to move to the alternative fund, they don’t need to do anything. However, if investors feel that these funds aren’t suitable for them, they can move their investment with no switch charge, into a different fund or funds by logging into their online account.
If you would like more information, please speak to a financial adviser. 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.