Aegon Asset Management UK has moved £300m out of the Japan and US and into UK and European equities....
Aegon Asset Management UK has moved £300m out of the Japan and US and into UK and European equities. The aim is to weight developed market exposure more equally across its global portfolios. This move involves 1.76% of the group's £17bn equity assets under management, but as Aegon only overweights a market by a maximum of 3%, it sees this move as significant. This follows a shift in global strategy that has seen Aegon upgrade its view of the UK and European markets from neutral to positive. Aegon continues to expect good returns from equity markets, according to Alistair Byrne, head o...
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