Aegon property fund remains suspended as it approaches first anniversary

Cash level to rise to 22% by the end of Q1

James Baxter-Derrington
The fund remains well below its targeted liquidity level

The fund remains well below its targeted liquidity level

Aegon has maintained the suspension of the Aegon Property Income and Income Feeder funds (formerly Kames) as it remains well short of its target liquidity position.

In its March 2021 update, the firm reasserted the suspension will be lifted "when we are satisfied that the fund has sufficient liquidity", which currently remains "below our target liquidity level". M&G mulls opening date for suspended property fund According to a February Q&A document, this liquidity level is "typically" 20%, but with redemptions anticipated, the fund will have to reach a higher level than this before opening in order to "remain at this target level once it has reopened". The most recent factsheet for the fund (31 January), shows the level of net current assets, ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Property

Issuing shares at 117p per share.

Impact Healthcare REIT issues new equity to acquire care homes as inflation rises

Impact Healthcare REIT is raising new equity, the target amount of which has not been stated, to acquire a pipeline of care homes, as investors scramble to protect investments from rising inflation.

clock 22 June 2022 • 2 min read
Some funds have been retained in order to finance commitments to “ongoing asset management initiatives”.

Aegon issues fifth distribution as property fund wind-up approaches anniversary

Further £18m

James Baxter-Derrington
clock 14 June 2022 • 1 min read
Three-fourths of all AuM in mutual funds and ETFs sits in legacy products today.

Majority of global AuM in mutual funds and ETFs sits in legacy products

New funds struggle to stand out

clock 24 May 2022 • 2 min read