Aegon AM unveils asset-backed securities fund

The new fund aims to deliver a through-the-cycle return of Euribor + 500bps by investing in ABS markets across the globe, focusing on European issues with a credit rating deemed to be ‘non-investment grade'. The vehicle will be managed using the expertise of the 20-strong global ABS team, which already runs €15bn worth of ABS strategies globally, with Meijer at the helm. Aegon AM retires Kames Capital name as it completes brand refresh Meijer says: "We believe that clients have been drawn to ABS for a number of reasons, not least the attractive yield offered compared to traditional...