Please confirm your location and investor type
For use in China - Qualified Investors only
This website is intended only for accredited, expert and institutional investors and is not intended for the use of or distribution to the public in China or elsewhere.
The contents of this website have not been reviewed by the CSRC. No action has been taken in China to permit the distribution of the content of this website. Neither Aegon Asset Management nor any of its affiliates are licensed by the CSRC.
The information in this website is based on our understanding of the current and historical positions of the markets. The views expressed is provided for reference only and should not be interpreted as recommendations or advice.
Past performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and is not guaranteed.
The content of this website is accurate at the time of writing but can be subject to change without notification. Although this information is composed with great care and we strive to ensure accuracy, completeness and correctness of the information, imperfections due to human errors may occur, as a result of which presented data and calculations may differ.
Therefore, no rights may be derived from the provided data and calculations.
For use in Hong Kong - Professional Investors only
This website is intended only for Professional Investors as defined under the Securities and Futures Ordinance (Cap 571) of Hong Kong and the Securities and Futures (Professional Investor) Rules (Cap 571D) and is not intended for the use of or distribution to the public in Hong Kong.
Aegon Asset Management (Asia) Limited is regulated by the Securities and Futures Commission of Hong Kong. However, the contents of this website have not been reviewed by the SFC. No action has been taken in Hong Kong to permit the distribution of the content of this website.
The information in this website is based on our understanding of the current and historical positions of the markets. The views expressed is provided for reference only and should not be interpreted as recommendations or advice.
Past performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and is not guaranteed.
The content of this website is accurate at the time of writing but can be subject to change without notification. Although this information is composed with great care and we strive to ensure accuracy, completeness and correctness of the information, imperfections due to human errors may occur, as a result of which presented data and calculations may differ.
Therefore, no rights may be derived from the provided data and calculations.
エイゴン アセットマネジメントは日本にオフィスを開設し、日本のお客様に対してのサービスを展開してい ま す。
エイゴン アセットマネジメントは各種の資産クラスでの運用を提供してい ま す。グループの運用会社では債券、株式、不動産をはじめ、絶対リターン等のさまざまな運用を行ってい ま す。
金融商品取引業者 関東財務局長(金商)第3009号
加入協会 一般社団法人日本投資顧問業協会
エイゴン アセットマネジメント パンヨーロップ ビーブイ (日本支店)
〒100-0013
東京都千代田区霞が関3-3-2
新霞が関ビルディング20階
代表:03-6628-5700
For use in Korea – Professional Investors only
This website is intended only for Qualified Professional Investors and is not intended for the use by, or distribution to, the public in Korea. The contents of this website have not been reviewed by any regulator.
Aegon Asset Management US is registered in Korea as a CB-DIM. However, Aegon Asset Management US may delegate management of certain strategies to the unregistered Aegon Asset Management affiliates listed herein as permitted under Korean law.
The information in this website is based on our understanding of the current and historical positions of the markets. The views expressed is provided for reference only and should not be interpreted as recommendations or advice.
Past performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and is not guaranteed.
The content of this website is accurate at the time of writing but can be subject to change without notification. Although this information is composed with great care and we strive to ensure accuracy, completeness and correctness of the information, imperfections due to human errors may occur, as a result of which presented data and calculations may differ.
Therefore, no rights may be derived from the provided data and calculations.
For use in Taiwan – Professional institutional investors only
Neither Aegon Asset Management nor any of its affiliates are registered in Taiwan and may not sell, issue or offer any products or services while in Taiwan. No person or entity in Taiwan has been authorized to give advice regarding or otherwise intermediate any offering or sale of a financial product or service in Taiwan. The information contained in this website is for informational purposes.
The contents of this website have not been reviewed by any regulatory authority in Taiwan. No action has been taken in Taiwan to permit the distribution of the content of this website.
The information in this website is based on our understanding of the current and historical positions of the markets. The views expressed is provided for reference only and should not be interpreted as recommendations or advice.
Past performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and is not guaranteed.
The content of this website is accurate at the time of writing but can be subject to change without notification. Although this information is composed with great care and we strive to ensure accuracy, completeness and correctness of the information, imperfections due to human errors may occur, as a result of which presented data and calculations may differ.
Therefore, no rights may be derived from the provided data and calculations.
I confirm that I am a Professional Investor based in the Austria.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
If you are a retail investor, we recommend that you seek qualified financial advice before making any investment decisions.
You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
I confirm that I am a Professional Investor based in the Belgium.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
If you are a retail investor, we recommend that you seek qualified financial advice before making any investment decisions.
You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
I confirm that I am a Professional Investor based in the Denmark.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the Finland.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the France.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
If you are a retail investor, we recommend that you seek qualified financial advice before making any investment decisions.
You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
I confirm that I am a Professional Investor based in the Germany.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
If you are a retail investor, we recommend that you seek qualified financial advice before making any investment decisions.
You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
I confirm that I am a Professional Investor based in the Guernsey.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Retail Investor based in the Guernsey.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
If you would like to get more information about Aegon AM Hungary please visit www.aegonalapkezelo.hu by clicking on 'Accept' below.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the Jersey.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Retail Investor based in the Jersey.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the Ireland.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Retail Investor based in the Ireland.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the Italy.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the Luxembourg.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
If you are a retail investor, we recommend that you seek qualified financial advice before making any investment decisions.
You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
I confirm that I am a Professional Investor based in the Malta.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Retail Investor based in the Malta.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the Netherlands.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
If you are a retail investor we recommend that you take qualified financial advice before making any investment decisions. You can obtain the latest prospectus, accounts, Key Investor Information and fund prices at www.aegon.nl.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the Norway.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the Portgual.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Retail Investor based in the Portugal.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the Spain.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
If you are a retail investor, we recommend that you seek qualified financial advice before making any investment decisions.
You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
I confirm that I am a Professional Investor based in the Sweden.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Retail Investor based in the Sweden.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the Switzerland.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
If you are a retail investor, we recommend that you seek qualified financial advice before making any investment decisions.
You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
I confirm that I am a Professional Investor based in the United Kingdom.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Professional Investor based in the United Kingdom.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Individual Investor based in the United Kingdom.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
I confirm that I am a Institutional Investor based in the United States.
Entry to the website is subject to your understanding of certain terms and important information which are available below:
By accepting entry to this website you confirm that you have read these terms and important information.
Risk Warning
Capital at risk. The value of investments may go up or down and is not guaranteed.
My kids (aged six and three) are ‘Generation Alpha’; the first generation to be born entirely in the 21st century. They can both work the remote control better than I can. During the lockdown they picked up the alphabet through an app. I don’t expect they’ll need to learn to drive. While autonomous driving is in our future, by the time they are working, the phrase ‘autonomous driving’ will surely have gone the way of the ‘horse-drawn carriage’. It will just be a car. In fact the term ‘smartphone’ has arguably already been replaced; it’s just a phone. Successful technology transitions become ubiquitous, and the transitional language is displaced by something simpler.
At Aegon Asset Management we spend a lot of our days looking for sustainable technology ideas. We identify companies that are providing solutions for big problems, and whose ideas can’t easily be replicated, such that rewards go to the providers of capital as well as other stakeholders. ‘Sustainable’ used to mean, primarily, sustainability of cashflows. The ‘G’ for corporate governance in ‘ESG’ was the prominent factor. Despite his Nobel Prize, the visionary sustainable investor Al Gore was viewed as a maverick when I started in fund management slightly more than a decade ago. Then, over time, the ‘E’ for environment started moving towards mainstream. The oil price fell, and some started talking of peak oil (the maximum rate of extraction) as already past us. Alternative technologies are booming - solar, wind, hydrogen, electric vehicles. ‘Alternative energy’ will just be ‘energy’ to Generation Alpha. Transition, then ubiquity.
It’s the middle factor in ESG – ‘S’, for ‘social’ – than brings us to Star Wars. ‘S’ used to be understood in investment in a lot of industries as health and safety. In tech, it was data security. These are still issues, but ‘S’ is currently being redefined and is, we would argue, the furthest from being properly integrated into most investors’ processes. It’s often viewed as too ‘political’ or too vague, like the environment was not too long ago. It is not as easy to measure or fit into a neat box.
How does this relate to Star Wars? My kids love Star Wars. They are fascinated by the ‘Evil Empire’. They ask me the usual stuff kids ask of course, what makes ‘bad’ people ‘bad’, why run an intergalactic mission ... They have no intrinsic understanding of inequality. They caught some of the BLM protests on the news and asked what it is about. We believe that the ‘S’ factor in ESG is being redefined to include equality, and that this will move into mainstream investment. Reducing it to its simplest, it’s the optimal allocation of resources. Hence the tough questions we ask of companies around diversity and inclusion, including how they measure the success of their strategies and who is accountable for them. This is a hugely exciting time to be working in fund management, where it is possible through active stewardship to help companies to better reflect the society we serve, and generating alpha while doing so.
This is something we not only take into account of the companies we invest in, but also companies where we are customers.
As an aside, we believe it is important to demonstrate our own commitment to a fully inclusive and diverse working environment, in which all our employees have equal opportunities and benefits. As a result Aegon Asset Management UK has recently improved its parental leave policies. Change starts at home.
Investment Manager, International Equities
Carolyn Bell is an investment manager in the International Equities team, with responsibility for co-managing several funds.