IMPORTANT DISCLOSURE: FOR NON-US PROFESSIONAL INVESTORS ONLY
This site is intended only for non-US professional investors or US-based fiduciaries representing non-US investors eligible to invest in Aegon Asset Management’s (the “Company”) UCITS funds. This site, and the funds described herein, are not suitable for individual investors.
The following information regarding the Company’s funds is for informational purposes only and does not constitute an offer for shares, products or services and should not be interpreted as an offer to sell, an invitation to acquire an investment, or a solicitation of an offer to buy for any persons who are prohibited from receiving such information under their domiciled local laws.
Aegon Asset Management Investment Company (Ireland) Plc is structured as an umbrella type open-ended investment company with variable capital consisting of a number of different sub-funds (“Funds”) and is authorized in Ireland pursuant to European Communities (Undertakings for Collective Investment in Transferable Securities) UCITS Regulations and the Central Bank UCITS Regulations (“UCITS Regulations"). Aegon Asset Management Europe ICAV is structured as an umbrella type open-ended investment ICAV with variable capital consisting of Funds and is authorized in Ireland as a UCITS pursuant to the UCITS Regulations.
These Funds are registered in Ireland and are available only to residents of those jurisdictions where allowed by law. Investors that do not meet these requirements will be denied access by the Company.
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Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
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Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
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Attention aux fraudeurs se faisant passer pour Aegon Asset Management, d’autres institutions financières et organismes de régulation: Nous avons reçu plusieurs signalements de fraudeurs se faisant passer pour Aegon AM et d’autres entreprises en créant de faux sites web, de fausses publicités et de fausses adresses mail. Pour en savoir plus sur la manière de vous protéger contre ces escroqueries et comment signaler un comportement suspect,veuillez lire ce qui suit.
If you are a retail investor, we recommend that you seek qualified financial advice before making any investment decisions.
You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
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You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
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You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
This is a marketing communication. Please refer to the Legal documents of the Fund(s), such as the KIID and/or prospectus, before making any final investment decisions.
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If you are a retail investor we recommend that you take qualified financial advice before making any investment decisions. You can obtain the latest prospectus, accounts, Key Investor Information and fund prices at www.aegon.nl.
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You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
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This Website and all information contained herein is intended for exclusive use of qualified investors as defined in the Federal Act on Collective Investment Schemes of 23 June 2006 (the “CISA”) and in its implementing ordinance, which have their residence or registered office in Switzerland (the “Qualified Investors”), excluding opt up Qualified investors.
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You can get the current prospectuses, accounts, important information for investors and fund prices at https://www.fundinfo.com. Please click the accept button and select the county in which you live and identify yourself as a private investor.
Risk notice - Capital risk. The value of investments can go down as well as up and is not guaranteed.
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In this month’s Soapbox Snippets, we round up some of the latest sustainable investing insights and developments.
Hot houses?
Buildings are responsible for a staggering 40% of the total energy consumed by EU member states. The European Council has therefore taken a decisive step towards environmental sustainability by adopting new rules aimed at reducing energy use and greenhouse gas emissions from buildings within the bloc.
The new measures specifically target emissions from heating, cooling, and hot water systems in buildings, which make up approximately 80% of household energy consumption. The new rules require all new residential and non-residential buildings to achieve zero on-site emissions from fossil fuels by 2030, (heating, cooling, lighting etc.) with publicly owned buildings required to reach this milestone slightly earlier, by 2028.
Additionally, member states are required to set out measures to phase out boilers powered by fossil fuels by 2040, marking a significant stride in the fight against climate change.
La Niña expected to cause havoc in the States.
Meteorologists from AccuWeather have issued warnings of a potential season with a near-record number of Atlantic storms, many expected to directly impact the U.S. coastline. This forecast is driven by warm waters in the Gulf of Mexico and the ongoing La Niña weather pattern.
Experts predict 20 to 25 named storms, including 8 to 12 hurricanes out of which 4 to 7 could become major hurricanes. The U.S. could face 4 to 6 direct hits, underscoring the escalating intensity and frequency of such natural disasters. These figures are significantly higher than the historical average.
Hurricanes are the costliest natural disaster in the U.S., according to the U.S. National Centre for Environmental Information, with the average cost per hurricane event sitting at a staggering $20.3 billion.
The rising tide of e-waste
The United Nation’s latest e-waste monitor estimates that electronic waste generation soared to an all-time high in 2022, reaching 62 million tons, an increase of 82% since 2010. With projections estimating a rise to 82 million tons by 2030, the urgency for enhanced recycling is clear. Currently, less than 25% of e-waste is recycled. The UN estimates that this left US$62 billion of recoverable natural resources unaccounted for.
In 2022, the value of gold lost to e-waste was US$15 billion, lost iron totalled $16 billion, and lost copper was $19 billion. Currently just 1% of rare earth element demand is being met through e-waste recycling as the price of these elements is too low to support large scale recycling schemes. Future changes in prices, and therefore recycling rates, may have implications for the rare earth mining industry.
Improving recycling rates to 60% by 2030 could yield net benefits exceeding US$38 billion. The main benefits would come from avoided greenhouse gas emissions and the recovery of metals.
Fast fashion at what cost?
As online fashion retailer, Shein, considers a London listing, it is interesting that the French, Danish and Swedish governments are making moves to restrict exports of textile waste to developing nations like Ghana and Kenya. This follows recently imposed French legislation placing restrictions on ‘fast fashion’ manufacturers or ‘very rapid renewal’ companies. The new legislation imposes advertising bans and penalties of up to €10 per item if they fail to consider the environmental impact from the disposal of products by customers.
To put into context, Shein lists over 7,000 new products a day – and according to the research behind this legislation the number of clothing items bought in France per year has grown by almost half (3.3 billion items) in the past decade while the population has grown just 3%. The fashion industry, notorious for its rapid turnover of cheaply made clothing, contributes to 10% of global GHG emissions – which is more than aviation and shipping combined.
Furthermore, ThredUp, one of the largest online resale platforms for clothing, shoes, and accessories, released the results of its 2024 Resale Report. Their annual study unveils a booming second-hand clothing market, with projections indicating a global value of $350 billion by 2028. In the U.S. alone the second-hand clothing market grew 7 times faster than the broader retail clothing market in 2023 and is expected to reach $73 billion by 2028.
Interestingly, 45% of younger consumers now prefer buying online versus traditional in-store shopping. This signifies a trend away from fast fashion, towards a more sustainable and circular economy. Is the tide finally turning on the quest for fast fashion?
And finally…
Underwater golf anyone?
There is nothing like the impact of climate change reaching close shores to spur people into action. A report by the BBC recently highlighted that some of Scotland’s oldest golf courses are in danger of disappearing into the sea due to climate change. 34 courses say that rising sea levels and coastal erosion have resulted in them losing parts of their courses, with Montrose losing 7 metres in just one year. The R&A, the governing body of golf, has taken note and is set to release a report later this year, detailing the impact of climate change on the sport with an associated action plan. As the sea encroaches, traditional golf may give way to innovative adaptations - maybe even ‘underwater golf’ – as communities rally to address the pressing challenges posed by a changing climate.
This material is provided by Aegon Asset Management (Aegon AM) as general information and is intended exclusively for institutional and wholesale investors, as well as professional clients (as defined by local laws and regulation) and other Aegon AM stakeholders.
This document is for informational purposes only in connection with the marketing and advertising of products and services, and is not investment research, advice or a recommendation. It shall not constitute an offer to sell or the solicitation to buy any investment nor shall any offer of products or services be made to any person in any jurisdiction where unlawful or unauthorized. Any opinions, estimates, or forecasts expressed are the current views of the author(s) at the time of publication and are subject to change without notice. The research taken into account in this document may or may not have been used for or be consistent with all Aegon AM investment strategies. References to securities, asset classes and financial markets are included for illustrative purposes only and should not be relied upon to assist or inform the making of any investment decisions. It has not been prepared in accordance with any legal requirements designed to promote the independence of investment research, and may have been acted upon by Aegon AM and Aegon AM staff for their own purposes.
The information contained in this material does not take into account any investor's investment objectives, particular needs, or financial situation. It should not be considered a comprehensive statement on any matter and should not be relied upon as such. Nothing in this material constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to any particular investor. Reliance upon information in this material is at the sole discretion of the recipient. Investors should consult their investment professional prior to making an investment decision. Aegon Asset Management is under no obligation, expressed or implied, to update the information contained herein. Neither Aegon Asset Management nor any of its affiliated entities are undertaking to provide impartial investment advice or give advice in a fiduciary capacity forpurposes of any applicable US federal or state law or regulation. By receiving this communication, you agree with the intended purpose described above.
Past performance is not a guide to future performance. All investments contain risk and may lose value. This document contains "forward-looking statements" which are based on Aegon AM's beliefs, as well as on a number of assumptions concerning future events, based on information currently available. These statements involve certain risks, uncertainties and assumptions which are difficult to predict. Consequently, such statements cannot be guarantees of future performance, and actual outcomes and returns may differ materially from statements set forth herein.
The following Aegon affiliates are collectively referred to herein as Aegon Asset Management: Aegon USA Investment Management, LLC (Aegon AM US), Aegon USA Realty Advisors, LLC (Aegon RA), Aegon Asset Management UK plc (Aegon AM UK), and Aegon Investment Management B.V. (Aegon AM NL).Each of these Aegon Asset Management entities is a wholly owned subsidiary of Aegon Ltd. In addition, Aegon Private Fund Management (Shanghai) Co., a partially owned affiliate, may also conduct certain business activities under the Aegon Asset Management brand.
Aegon AM UK is authorised and regulated by the Financial Conduct Authority (FRN: 144267) and is additionally a registered investment adviser with the United States (US) Securities and Exchange Commission (SEC). Aegon AM US and Aegon RA are both US SEC registered investment advisers.
