Aegon eyes Q2 reopening for suspended property fund

One of two remaining suspensions

Aegon has maintained the suspension of its Property Income fund but has, for the first time, offered a potential schedule for reopening the vehicle.

In an April 2021 update, the firm said it is "expected the fund can reopen in Q2 2021" but reiterated that it "cannot say at this stage how long dealing will remain suspended". Suspended property funds collect £40m in management fees over 2020 The fund has now been suspended for 13 months and holds 22.7% in net current assets, according to the latest available factsheet, which includes cash and short-term assets and liabilities. Following the announced reopening of the M&G Property Portfolio, Aegon's Property Income fund stands alongside Aviva UK Property as the only two remaining ...