Aegon Property fund cash level at 31.6% but shutters remain firmly down

Suspension approaches 15th month

The suspended Aegon Property Income fund has now reached a cash level of 31.6%, although the fund has yet to issue a formal May update on the suspension.

According to the latest factsheet, the fund had raised its proportion of net current assets (cash and short-term assets) to 31.6%, which is just shy of the cash level achieved by M&G Investments before it reopened last month. Reopened M&G Property investors withdraw more cash than raised during suspension The fund is now entering its 15th month of suspension, having withdrawn investor access to its £381m assets under management on 16 March 2020. Aegon's fund stands alone as the only fund still suspended in the IA UK Direct Property sector, following the reopening of the M&G Propert...