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Aegon AM to launch UK Equity Income fund
Aegon Asset Management UK is launching a UK Equity Income fund which will aim to provide 110 per cent of the FTSE All-Share index.
The fund will be managed jointly by Douglas Scott and Iain Wells, who currently run the Aegon Scottish Equitable Distribution Life Fund which is first quartile over one, three and five years.
It will target income of 110 per cent of the FTSE All-Share index as at 31 July each year, and will invest in at least 80 per cent UK equities, but will have the flexibility to make tactical investment in bonds and overseas equities.
Aegon Asset Management head of sales Steve Kenny said: "The fund should appeal to those retail investors looking for competitive income plus the potential for growth through a broad portfolio of UK equities."
The fund will be officially launched on the 30 June.
