Aegon Cautious Managed fund closing in July

Aegon Asset Management will close its UK Cautious Managed fund on 31 July saying it does not have th...

Aegon Asset Management will close its UK Cautious Managed fund on 31 July saying it does not have the potential for long-term demand. The £7.5m fund, run by Peter Shaw, has been fourth quartile over one year, ranked 101st out of 118 funds in the Cautious Managed sector, according to figures from Morningstar to 4 May. Investors in the fund, which opened on 1 March, 2007, will have the option to transfer their assets into other Aegon funds or remove them altogether. Aegon is currently in the process of writing to investors to advise them of the change. A spokesman for Aegon says: ...