The managing director of investment solutions at Aegon UK said it is a ‘significant milestone’ for the firm as its multi-asset solutions business reaches £1bn ($1.34bn, €1.18bn) in assets under management.
Launched in 2019 with portfolios managed by Aegon head of portfolio management Richard Whitehall, the OEIC investment business offers multi-asset fund ranges available to pension, Isa or GIA investors.
Tim Orton, managing director of investment solutions at Aegon UK said: “Reaching £1bn assets under management in our multi-asset solutions business is a significant milestone.
“We are pleased to have achieved this in not much more than two years from launch. Our range of multi-asset funds aim to meet demand for value-focussed investment strategies offering a simpler way to invest whilst growing savings for investors across the risk spectrum.”
Aegon UK rolled out its first OEIC funds in May 2019 and most recently, in July 2020, the business launched its range of risk-managed portfolios.
All current fund ranges have a low ongoing charges figure (OCF) fixed at 0.25% per annum.
