From 31 March 2022, the Aegon HSBC Islamic Global Equity Index (BLK) fund objective was updated across all share classes available via the Aegon TargetPlan fund range.

Nothing else about the fund changed as a result of this; for example, the way the fund is managed, the fund’s TargetPlan risk profile and fund manager remain the same.

The change in more detail

We’ve updated the fund objective so that it more closely reflects the objective of the underlying fund. Details can be found in the table below:

Old fund objective
Invests in company shares from around the world and is compliant with Islamic Shariah principles.
New fund objective
This fund aims to achieve long-term capital growth by investing in the shares of the largest 100 companies engaged in Sharia-compliant activities around the world. The fund aims to track the performance of the Dow Jones Islamic Titans 100 Index by investing in the companies that make up that index, in the same proportions. Please note: Although this fund invests in companies engaged in Sharia compliant activities, the Aegon product you invest in may not meet all the requirements for Sharia compliance. For more information please view your individual policy terms & conditions.
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 has been paid in.

Investors may have noticed the change on their statements, in our literature and on our website from 31 March 2022. The change will be implemented gradually, so investors may notice both the old and new information in use for a time.

For more information on this fund you can view the fund factsheet via the ‘Fund prices and performance' page and 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 unsure about what this change means for you. If you don’t have a financial adviser, you can visit to find the right one for you.