Aegon discounts management fee on property fund as suspension continues

May not reopen until 2021

Aegon Asset Management will discount the management fee on its Property Income fund as a result of the ongoing suspension, which it anticipates will end in the first quarter of 2021.

The Aegon Property Income fund (formerly Kames) will temporarily have a discount of 0.15 percentage points applied to the annual management charge, bringing the fee to 0.6% as of 1 November 2020 until the end of the suspension period, according to its latest suspension update. Property investors remain cautiously positive amid value and income decline The discount has been applied due to the "significant inconvenience" caused by the continued suspension, which began on 16 March 2020. An August review of the fund and its suspension detailed an anticipated re-opening date of Q1 2021,...