Aegon Diversified Monthly Income
Vincent McEntegart and Debbie King draw upon all of Aegon's investment capabilities to build this multi-asset portfolio using the most attractive income opportunities the team has identified. Vincent and Debbie will decide how much to allocate to equities, fixed income, property and specialist income sectors (such as infrastructure and renewable energy) in order to spread the risk and balance the sources of income. Aegon Diversified Monthly Income targets an attractive yield (around 5% per annum), which is paid monthly.
Previously Kames Diversified Monthly Income fund.
Our Opinion
Fund Managers
Expand
Fund Managers
Close
Vincent McEntegart is an investment manager in the Multi-Asset Group with over 30 years of experience. He joined in 2013 from Goodhart Partners, where he was a partner responsible for client relationships and new business. Previously, Vincent was Co-Head of Investment Manager Research at Hymans Robertson and a senior member of the investment consulting practice. He has also worked for Alexander Clay Consulting (now part of Aon) and Clerical Medical Investment Group. Vincent holds a BSc in Mathematical Sciences from the University of Strathclyde and a Diploma in Actuarial Techniques from the Institute of Actuaries.
Before joining the company in 2012, Debbie worked in corporate finance at the Bank of Scotland, providing debt and equity financing solutions. She has been in the industry since 2001 and holds a first-class honors degree in mathematics from Heriot-Watt University. Debbie is also a qualified chartered accountant with KPMG and has earned the CFA Certificate in ESG Investing.
Vincent McEntegart is an investment manager in the Multi-Asset Group with over 30 years of experience. He joined in 2013 from Goodhart Partners, where he was a partner responsible for client relationships and new business. Previously, Vincent was Co-Head of Investment Manager Research at Hymans Robertson and a senior member of the investment consulting practice. He has also worked for Alexander Clay Consulting (now part of Aon) and Clerical Medical Investment Group. Vincent holds a BSc in Mathematical Sciences from the University of Strathclyde and a Diploma in Actuarial Techniques from the Institute of Actuaries.
Read More
Before joining the company in 2012, Debbie worked in corporate finance at the Bank of Scotland, providing debt and equity financing solutions. She has been in the industry since 2001 and holds a first-class honors degree in mathematics from Heriot-Watt University. Debbie is also a qualified chartered accountant with KPMG and has earned the CFA Certificate in ESG Investing.
Read More
Risk
Read more
Back
Company Description
Aegon Asset Management is a global investment company, with offices in America, Europe and Asia. It provides fixed income, equity, real asset and multi-asset investment solutions to a range of clients, including pension plans, wealth managers, insurance companies and individual investors. The firm originated in the Netherlands as an insurance company before going on to develop the asset management side of the business.
Fund Performance
Close
Risk
Close
Talking Factsheet
Quote from the Fund Manager
There’s more income out there than many investors think. The trick is getting it consistently, and regularly, without taking unnecessary risks.
Vincent McEntegart
Co-Manager
Investment process
The investment universe includes corporate credit, sovereign debt, investment grade and high yield bonds, global equities, listed property, list infrastructure and specialist income.
Idea generation comes from both external and in-house research. Weekly discussions are held by the multi-asset team to take a more in-depth look into specific themes and topics. Stock ideas are then subject to quantitative and qualitative assessment to analyse potential risk and returns.
The equity portion of the portfolio is global, high-conviction and unconstrained, with around 40-50 stocks. The managers look for companies which are capable of consistently growing their dividends over the longer term, as they believe that a modest and growing dividend yield is the biggest driver of equity returns.
The fixed income allocation is biased towards corporate bonds, but fixed interest vehicles from across the spectrum, together with equities, real estate and alternatives, are used to achieve the target yield.
The role of alternative investments (listed property and renewable energy, for example) in fulfilling the income target of the fund is an important one. The fund managers look for steady income streams and dividend growth in a variety of different places, such as plane leasing, wind farms, data centres, waste water and rail. Listed infrastructure, too, can provide the managers with an alternative source of income by investing in things such as hospitals, toll roads, airports and utilities.
Risk
Risk management is at the heart of the managers’ approach and the team holds bi-weekly risk meetings, together with the eight-strong risk team, to ensure the portfolio is continuously monitored. Aegon Diversified Monthly Income fund is well diversified, geographically and across the asset classes.
ESG
ESG - Integrated
Aegon’s focus is always on those ESG issues it believes are most material to a company's financial performance. The corporate governance standards that managers expect at the companies they invest in are reasonably consistent across markets and sectors; the right corporate governance is always critical and a key consideration in all investment decisions.
However, the environmental and social issues which they consider material to investee companies will vary by sub-sector and company. For this reason, Aegon’s ESG Research team works closely with the portfolio managers to ensure they understand the key environmental and social issues for each sector and the company performance on each.
Aegon considers it important to remember that what is considered financially material from an ESG perspective can change over time. Therefore, it tracks those ESG issues that are currently considered material, but also those ESG issues which it believes could become financially material in the future.
Related Insights
Adapting to market shifts: a decade of Aegon Diversified Monthly Income
The best investment decisions of 2023
How confident are our Elite Rated multi-asset managers heading into 2024 ?
Disco, doors and lawsuit lenders: Our Elite Rated managers on their best stock bargains of 2023
Investment gratitude: what Elite Rated managers are thankful for
The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund nor of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating. All performance data, as well as fund size, OCF, AMC, annual income (historic), share price discount or premium, is sourced directly from FE Analytics, and will change periodically.