From 31 March 2023, we updated the fund objective for the Aegon BlackRock Market Advantage (BLK) fund.
The fund objective explains how the fund invests and what it’s trying to achieve for investors.
The changes in more detail
The underlying fund manager, BlackRock, updated their benchmark to clarify the fund’s investment strategy. To make sure our version of the fund matched the underlying fund, we’ve updated it. Details in the table below:
Old fund objective
New fund objective
The Fund follows a diversified, risk-controlled investment process that aims to achieve:
► Return similar to a balanced* portfolio over a market cycle
► Approximately 40% less risk than a balanced* portfolio
► Smoother returns during extreme market conditions
*The Fund invests in a highly diversified mix of asset classes based on target exposures to fundamental economic risk factors. By managing exposure during market extremes, the Fund seeks to deliver risk in line with target while reducing downside risk.
|The fund aims to achieve capital growth and income which exceeds the SONIA Overnight +3.5% (before charges) over a period of at least five consecutive years. The fund invests globally in any or all of the following asset classes: equities (company shares), fixed income securities (bonds), permitted money-market instruments (debt instruments with short-term maturities), permitted deposits, cash, other funds and derivatives. The fund may vary (without limit) the extent to which it invests in these asset classes, depending on market conditions and other factors at the fund manager’s discretion.
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 isn’t 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.