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This site is intended only for non-US professional investors or US-based fiduciaries representing non-US investors eligible to invest in Aegon Asset Management’s (the “Company”) UCITS funds. This site, and the funds described herein, are not suitable for individual investors.
The following information regarding the Company’s funds is for informational purposes only and does not constitute an offer for shares, products or services and should not be interpreted as an offer to sell, an invitation to acquire an investment, or a solicitation of an offer to buy for any persons who are prohibited from receiving such information under their domiciled local laws.
Aegon Asset Management Investment Company (Ireland) Plc is structured as an umbrella type open-ended investment company with variable capital consisting of a number of different sub-funds (“Funds”) and is authorized in Ireland pursuant to European Communities (Undertakings for Collective Investment in Transferable Securities) UCITS Regulations and the Central Bank UCITS Regulations (“UCITS Regulations"). Aegon Asset Management Europe ICAV is structured as an umbrella type open-ended investment ICAV with variable capital consisting of Funds and is authorized in Ireland as a UCITS pursuant to the UCITS Regulations.
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Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
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Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
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Attention aux fraudeurs se faisant passer pour Aegon Asset Management, d’autres institutions financières et organismes de régulation: Nous avons reçu plusieurs signalements de fraudeurs se faisant passer pour Aegon AM et d’autres entreprises en créant de faux sites web, de fausses publicités et de fausses adresses mail. Pour en savoir plus sur la manière de vous protéger contre ces escroqueries et comment signaler un comportement suspect,veuillez lire ce qui suit.
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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.
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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.
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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.
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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.
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October has seen the weather in the United Kingdom turn wet and windy. While such weather makes hillwalking more of a challenge, it is certainly a welcome sight to see the UK's wind turbines whirring away productively.
Over the course of the week to 7th October, the share of electricity generation from renewable energy sources shot up to 50%. So productive were the UK's windfarms that we were exporting our surplus electricity to our European neighbours via a network of interconnectors. However, the wind doesn't always blow, and the sun doesn't always shine. It is no surprise then that the share of electricity generated from renewable sources over the course of the last 12 months was a more modest 28%.
Figure 1 – Last week the UK generated most of its electricity needs from renewable energy. Indeed for most of the week we were able to export our surplus to Europe.
Figure 2 – However, over the last year renewable energy was only 28% of generation.
As we transition to net zero, a key question becomes how do we bridge the gaps between intermittent generation and fairly predictable demand? This question has taken on renewed urgency given natural gas, hitherto marketed as a reliable transition fuel, has proven itself to be an erratic source of energy due to the conflict in Ukraine.
As well as reliable baseload, energy storage is a key component to solving the intermittency of renewable energy sources. Energy storage technologies are not keeping pace with energy generating technology, and as we progress further in the latter field, we are only losing out in the former. Headlines typically focus on the revolutionary new storage technologies such as battery storage, green hydrogen, or even gravity-based systems. Yet many of these technologies are still emerging and may possibly take years to achieve commercial scale. Unfortunately, storing energy in the likes of a battery requires a large amount of investment. Furthermore, due to a lack of standardisation of battery storage, often it requires individual energy generating projects to have specialised equipment, again only adding to the cost.
However, the hilly geology of large parts of the UK lends itself ideally to the existing and proven technology of pumped hydro storage. Pumped hydro is based on two reservoirs at different elevations. When there is surplus electricity generation, water is pumped from the lower reservoir to the upper reservoir. When demand for electricity outstrips supply, water is released from the upper reservoir and turns a turbine to generate electricity.
SSE Renewables is currently in the process of undertaking exploratory works for the UK's largest pumped hydro scheme called Coire Glas. Situated in the Scottish Highlands, this 1500MW scheme could store enough energy to power three million homes for 24 hours. That is more than 10% of UK households. One cannot help but notice that fast tracking schemes such as Coire Glas could help accelerate the UK's journey to net zero.
While it makes sense to direct capital towards new and emerging technologies we must recognise these technologies often have a long lead time to commercialisation. To borrow from the political parlance, our focus must thus turn also to the ‘oven ready’ technologies which can be implemented today such as pumped hydro storage.
After all, we have the wind, we just need somewhere to store the energy it can generate for us.
Unless otherwise noted, the information in this document has been derived from sources believed to be accurate at the time of publication.
This material is provided by Aegon Asset Management (Aegon AM) as general information and is intended exclusively for institutional and wholesale investors, as well as professional clients (as defined by local laws and regulation) and other Aegon AM stakeholders.
This document is for informational purposes only in connection with the marketing and advertising of products and services, and is not investment research, advice or a recommendation. It shall not constitute an offer to sell or the solicitation to buy any investment nor shall any offer of products or services be made to any person in any jurisdiction where unlawful or unauthorized. Any opinions, estimates, or forecasts expressed are the current views of the author(s) at the time of publication and are subject to change without notice. The research taken into account in this document may or may not have been used for or be consistent with all Aegon AM investment strategies. References to securities, asset classes and financial markets are included for illustrative purposes only and should not be relied upon to assist or inform the making of any investment decisions. It has not been prepared in accordance with any legal requirements designed to promote the independence of investment research, and may have been acted upon by Aegon AM and Aegon AM staff for their own purposes.
The information contained in this material does not take into account any investor's investment objectives, particular needs, or financial situation. It should not be considered a comprehensive statement on any matter and should not be relied upon as such. Nothing in this material constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to any particular investor. Reliance upon information in this material is at the sole discretion of the recipient. Investors should consult their investment professional prior to making an investment decision. Aegon Asset Management is under no obligation, expressed or implied, to update the information contained herein. Neither Aegon Asset Management nor any of its affiliated entities are undertaking to provide impartial investment advice or give advice in a fiduciary capacity forpurposes of any applicable US federal or state law or regulation. By receiving this communication, you agree with the intended purpose described above.
Past performance is not a guide to future performance. All investments contain risk and may lose value. This document contains "forward-looking statements" which are based on Aegon AM's beliefs, as well as on a number of assumptions concerning future events, based on information currently available. These statements involve certain risks, uncertainties and assumptions which are difficult to predict. Consequently, such statements cannot be guarantees of future performance, and actual outcomes and returns may differ materially from statements set forth herein.
The following Aegon affiliates are collectively referred to herein as Aegon Asset Management: Aegon USA Investment Management, LLC (Aegon AM US), Aegon USA Realty Advisors, LLC (Aegon RA), Aegon Asset Management UK plc (Aegon AM UK), and Aegon Investment Management B.V. (Aegon AM NL).Each of these Aegon Asset Management entities is a wholly owned subsidiary of Aegon N.V. In addition, Aegon Private Fund Management (Shanghai) Co., a partially owned affiliate, may also conduct certain business activities under the Aegon Asset Management brand.
Aegon AM UK is authorised and regulated by the Financial Conduct Authority (FRN: 144267) and is additionally a registered investment adviser with the United States (US) Securities and Exchange Commission (SEC). Aegon AM US and Aegon RA are both US SEC registered investment advisers.