AEGON discounts UK equity and fixed income funds

AEGON Asset Management is discounting the initial charge on eight of its leading UK equity and fixed income funds until 31 December 2010.

The discount applies to five of its UK equity funds, the UK Equity Absolute Return, UK Equity, UK Equity Income, UK Opportunities and UK Smaller Companies funds, as well three of its leading fixed income funds, the High Yield Bond, Investment Grade Bond and Strategic Bond funds.

The discount period, which runs from the 1st September to 31st December 2010, will reduce the initial charges on the equity funds to 3% from 5.5% and the bond funds to 3% from 4.5%. The offer applies to UK domiciled funds only.

The AEGON High Yield Bond Fund managed by Philip Milburn is currently first quartile over one, three and five years, while the AEGON Strategic Bond Fund, also managed by Milburn with David Roberts is first quartile over three and five years.

For the UK equity funds the UK Equity fund managed by Stephen Adams is currently first quartile over three and five years, while the UK Opportunities Fund managed by Audrey Ryan and the UK Smaller Companies Fund managed by Elaine Morgan are both first quartile over three years and since their respective launches in March 2007 and June 2006.

AEGON Asset Management European head of retail sales Steve Kenny says: ‘AEGON Asset Management continues to be recognised as among the UK leaders for fixed income funds. Indeed we remain the only group in the UK to have all our range of retail fixed income funds to be rated AA by leading research house OBSR.

Our UK equity team is also recognised for their expertise in their sector with three of the funds, the UK Equity, UK Opportunities and UK Smaller Company Funds all rated by OBSR. The team continue to deliver solid performance across their range of retail UK equity funds.'