Changes to the Aegon JPMorgan Global Dynamic All Countries (BLK) fund

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This is a Aegon TargetPlan update

On 10 April 2019, the additional expenses for the Aegon JPMorgan Global Dynamic All Countries (BLK) fund reduced by 0.2% across all share classes available via the Aegon TargetPlan fund range.

At this time, the underlying fund manager, JP Morgan Asset Management (UK) Limited, also changed the name of the underlying fund.

  • We implemented the additional expenses reduction on 10 April 2019
  • and updated the Aegon TargetPlan fund name on 3 February 2020.

The name change in more detail:

Old fund name before 3 February 2020 New fund name after 3 February 2020
Aegon JPMorgan Global Dynamic All Countries (BLK) fund Aegon JPMorgan Life Global Equity All Countries (BLK) fund

Source: Aegon UK

Why we’ve changed the fund name

The underlying fund manager, JP Morgan Asset Management (UK) Limited, decided to change the fund name to better reflect how the fund is managed. As a result, they believed that using ‘Dynamic’ in the title was no longer representative of the way the fund is managed and replaced it with ‘Equity’.

To ensure consistency for our customers, we’ve also changed our fund name to match that of the underlying fund.

Our literature has been updated to reflect these changes, but investors may notice both the old and new information in use for a time.

What investors need to do

Existing investors don’t need to do anything. Please speak to a financial adviser if you’re unsure about what these changes mean for you. If you don’t have a financial adviser you can find one in your area at unbiased.co.uk