Benchmark change for the Aegon TargetPlan Russell Global Equity (BLK) and Aegon Russell World Equity (BLK) funds

Fund_Update.jpg

This is an Aegon TargetPlan update

On 1 January 2018, Russell Investments, underlying fund manager of the Aegon Russell Global Equity (BLK) fund and Aegon Russell World Equity (BLK) funds made changes to the benchmark of each fund.

As a result, we updated the benchmark for the Aegon Russell Global Equity (BLK) fund and Aegon Russell World Equity (BLK) funds available via our Aegon TargetPlan fund range.  These changes apply to all share classes of the funds available via our Aegon TargetPlan fund range.

You can see the changes in the table below:

Fund name Previous benchmark Benchmark from 1 January 2018
Aegon Russell Global Equity (BLK) Composite of: 55% Russell Global Large Cap/45% FTSE All Share Index Composite of: 55% MSCI World Total Return (net) GBP Index/45% FTSE All Share Total Return GBP Index
Aegon Russell World Equity (BLK) Russell Global Large Cap MSCI World Total Return (net) GBP Index

Nothing else about the funds changed as a result of this; the way the fund is managed, the fund manager, Aegon risk ratings and fund charges remained the same.

Why we updated the benchmarks

Russell Investments, the underlying fund manager, regularly reviews the benchmarks used by their funds to ensure they remain appropriate for each fund and its investors. Following a review it made the decision to change its primary index for multi-country equity funds.

To ensure consistency with the underlying funds, we’ve also updated the fund benchmarks on the Aegon TargetPlan versions of the funds.

What investors need to do

Investors don’t need to do anything. If you would like more information, please speak to your financial adviser. If you don’t have one, you can find one in your area at unbiased.co.uk