Back
Aegon AM Multi-Asset Credit mandate is now live

Aegon AM’s Multi-Asset Credit mandate is now live, with an initial investment of £720 million from Aegon UK. The mandate is run as part of Aegon UK’s largest workplace default, the £12bn Aegon Universal Balanced Collection (UBC) fund, with over 700,000 members. The mandate is set to grow to over £1bn in the next 12 months.

 

In June 2024, Aegon UK announced plans to significantly evolve its UBC fund with enhanced capabilities. Aegon AM were selected to manage the new Multi-Asset Credit mandate which provides access to Aegon AM’s award-winning Global High Yield, Asset Backed Securities, Investment Grade and Emerging Market Debt solutions.

 

The Multi-Asset Credit mandate is managed by Iain Buckle, Head of UK Fixed Income at Aegon AM, and investment manager Alex Pelteshki, utilising the expertise of the highly experienced fixed income team across the breadth of its fixed income strategies.

 

Iain Buckle said: “The mandate provides investors with access to opportunities across credit markets, aiming to maximise returns and to offer downside protection. For the investment grade assets, we take a climate transition approach using our proprietary climate transition research framework to uncover compelling investment opportunities to support the net zero transition. We look forward to delivering this bespoke investment solution to Aegon’s members.”

 

Lorna Blyth, Managing Director – Investment Proposition at Aegon UK said: “We believe this bespoke mandate, combined with our enhanced capabilities in private market investments and advanced environmental, social, and governance (ESG) integration, will significantly boost the growth potential of the UBC strategy. These enhancements are also set to benefit future Aegon funds that leverage these advanced capabilities. The changes are designed to improve diversification, ultimately delivering our members improved outcomes and value for money.”

 

The Aegon UBC fund is available to Aegon Retirement Choices and One Retirement investors as well as some off-platform products.

 

More information on the Aegon Universal Balanced Collection fund can be found at: https://www.aegon.co.uk/

 

-Ends-

 

Notes for the editor

 

About Aegon Asset Management

 

Aegon Asset Management is an active global investor. Our 385 investment professionals manage and advise on assets of €318 ($341/£270) billion (as of June 30, 2024) for a global client-base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations.

 

We organize our investment capabilities around four focused investment platforms where we have extensive asset-class expertise: Fixed Income, Real Assets, Equities and Multi-Asset & Solutions. Each platform has dedicated teams, organized globally and committed to maximizing their specialist areas. These platforms and the Fiduciary business are supported by a team dedicated to responsible investing. 

 

By organizing our investment teams globally, we work to harness our expertise and research resources across regional boundaries. We believe this enhances our performance potential and helps provide better investment outcomes for clients.

 

Across platforms, we share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment. Our investment platforms have the flexibility to organize their resources and processes to best suit their area of focus.

 

We are a global business: Our 1,160 employees work across Europe, the Americas and Asia. We invest globally and serve clients locally.

 

For more information about Aegon Asset Management, visit www.aegonam.com

 

Media contacts:

Roisin Armit

Senior Communications Manager, Aegon Asset Management

+44 (0) 7583 162 643 roisin.armit@aegonam.com

 

This document is for use by professional journalists. Its content is written for use in trade and retail publications. 

Past performance does not predict future returns. Outcomes, including the payment of income, are not guaranteed. 

 

All investments contain risk and may lose value. Responsible investing is qualitative and subjective by nature, and there is no guarantee that the criteria utilized, or judgement exercised, by any company of Aegon Asset Management will reflect the beliefs or values of any one particular investor. Responsible investing norms differ by region. There is no assurance that the responsible investing strategy and techniques employed will be successful. Investors should consult their investment professional prior to making an investment decision.

 

Opinions and/or example trades/securities represent our understanding of markets both current and historical and are used to promote Aegon Asset Management's investment management capabilities: they are not investment recommendations, research or advice. Sources used are deemed reliable by Aegon Asset Management at the time of writing. Please note that this marketing is not prepared in accordance with legal requirements designed to promote the independence of investment research, and is not subject to any prohibition on dealing by Aegon Asset Management or its employees ahead of its publication. 

 

All data is sourced to Aegon Asset Management unless otherwise stated. The document is accurate at the time of writing but is subject to change without notice. Data attributed to a third party (“3rd Party Data”) is proprietary to that third party and/or other suppliers (the “Data Owner”) and is used by Aegon Asset Management under licence.  3rd Party Data: (i) may not be copied or distributed; and (ii) is not warranted to be accurate, complete or timely.  None of the Data Owner, Aegon Asset Management or any other person connected to, or from whom Aegon Asset Management sources, 3rd Party Data is liable for any losses or liabilities arising from use of 3rd Party Data. 

 

This document is issued by Aegon Asset Management UK plc in the United Kingdom and is issued by Aegon Investment Management B.V. in the European Union and European Economic Area. Aegon Asset Management NL is a trading name of Aegon Investment Management B.V. 

 

Aegon Asset Management UK plc is authorised and regulated by the Financial Conduct Authority. Aegon Investment Management B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets.  

 

 

Exp: 17 September 2025

AdTrax: 7019882.1. 

Author

Roisin Armit
Senior Communications Manager

Roisin Armit, Senior Communications Manager, is a member of the UK marketing and is responsible for UK public relations at Aegon Asset Management. 

View profile