Closure of two Aegon JPMorgan funds

11 August 2021

Aegon published the following on its website:
“On 20 September 2021, we’re closing two Aegon JPMorgan funds, which are available as part of our Aegon TargetPlan fund range.

When this happens, we’ll move remaining investors into the below alternative funds, unless they tell us to move them elsewhere before then:

– The Aegon JPMorgan Continental Europe Select Equity (BLK) fund is moving to the Aegon BlackRock European Growth (BLK) fund.
– The Aegon JPMorgan Life Global Equity All Countries (BLK) fund is moving to the Aegon BNY Mellon Global Equity (BLK) fund.
We’ll be writing to all those affected in advance to let them know about the closures.

Why the funds are closing

These funds are invested in underlying ‘JP Morgan Life’ funds. On 4 October 2021, the underlying fund manager, JP Morgan Life Limited, intends to close its life funds and subsequently wind up the company itself. “

Source: Aegon