Aegon to close Technology fund

Aegon is to close its Technology fund as the assets have fallen to £8m. The closure will take ef...

Aegon is to close its Technology fund as the assets have fallen to £8m. The closure will take effect on 31 July this year and investors are being offered a free switch into any other Aegon fund. Isa and Pep investors may transfer to another provider. Jon Bennett, director of the retail fund business said the size of the fund has fallen to a level that was no longer economically viable and the costs incurred to run the vehicle would negatively impact the capital.