Aegon Property Income set for closure after 13-month suspension

Aegon AM unable to raise liquidity and keep funds viable

clock • 3 min read

The Aegon Property Income and Property Income Feeder funds are set to close permanently, with asset manager unable to raise the required liquidity to meet redemption requests while keeping the vehicles viable after a 13-month suspension.

Aegon Asset Management, which suspended its property funds amid the onset of the coronavirus pandemic alongside most bricks-and-mortar peers, confirmed today (23 June) that in order to "ensure all investors are treated fairly" it is now taking steps to close the vehicles. Earlier in June, Aegon Property Income fund had built up a cash level of 31.6%. It had previously been hoped that the fund could reopen in the second quarter of 2021, however Aegon said it has "proved increasingly challenging to raise sufficient liquidity whilst also ensuring that continuing investors have a represen...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Data shows enforcement activity shift

clock 19 March 2026 • 2 min read
Wrestling with the idea of a new world order? Try European smaller companies

Wrestling with the idea of a new world order? Try European smaller companies

'Let me try to explain the case for calm'

David Walton
clock 16 March 2026 • 4 min read
Low-cost platforms spur one in three UK adults to invest

Low-cost platforms spur one in three UK adults to invest

Trading 212 the main beneficiary

Michael Nelson
clock 12 March 2026 • 2 min read