According to the company, the new fund will be a portfolio of predominately long only investments in real assets principally equities and fixed income.
The fund will sit within the IMA Cautious Managed Sector.
The fund will be invested based on themes and strategies developed by Aegon Asset Management’s multi-asset group.
The Aegon Strategic Assets Fund will be jointly managed by William Dinning, Aegon Asset Management’s head of investment strategy and Sean Flanagan from its multi-asset group.
The multi asset group currently manages a range of products and services including its innovative asset allocation service which runs over £2bn for a variety of institutional clients, and the AEGON Global Opportunities Fund.
Aegon Asset Management head of sales retail Steve Kenny said the launch of the Aegon Strategic Assets marks the next stage in the development of the firm’s multi-asset capabilities.
"It means that for the first time retail investors will benefit from the expertise of our multi-asset group, which was previously the preserve of the institutional and professional investor," Kenny said.
