Aegon UK to invest £3bn in new BlackRock ESG index range across default funds

Fund ESG exposure to double to 60%

clock • 2 min read
Aegon UK has committed to make its default pension funds carbon net zero by 2050

Aegon UK has committed to make its default pension funds carbon net zero by 2050

Aegon UK has invested £3bn in a range of new UK-domiciled BlackRock ESG index mutual funds it helped to design, doubling the ESG exposure in its Workplace Default fund and increasing exposure in a number of its other default fund options.

Along with a BlackRock ESG fixed income index fund, the range will become underlying funds for the Aegon Workplace Default fund, taking its ESG exposure from 30% to 60% for investors still in the growth stage of accruing funds for retirement, and will increase to 40% for those in retirement. Aegon worked with BlackRock on the range of six iShares ESG equity index funds which track newly-launched Morningstar ESG Enhanced indices, covering regional and country-specific exposures. Aegon Property Income fourth distribution due late April The new indices have an explicit 30% decarbonisa...

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