Aegon Asset Management has expanded its range of structured credit products with the launch of a mutual fund that will invest in senior AAA-rated asset-backed securities across Europe, the US and Australia.
The fund is designed for investors seeking an alternative to traditional fixed income and money market funds by combining attractive yields with the highest credit quality.
By investing exclusively in the AAA-rated senior part of the ABS capital stack, the fund aims to offer low credit risk in a period of political and economic uncertainty, while targeting spreads of around 100 basis points over Euribor and 110 basis point over SONIA.
The portfolio will invest almost exclusively in floating‑rate ABS bonds, making their valuation less dependent on interest rate moves.
Frank Meijer, Head of Alternative Fixed Income and ABS at Aegon AM, said: “By focusing on the highest‑quality segment of the ABS market, we provide an attractive alternative to corporate credit and money market funds, while also delivering daily liquidity. The fund is a natural extension of our leadership in structured credit and our commitment to responsible investing.”
Aegon AM currently manages €21 billion globally, including €11.7 billion in European ABS for over 300 third-party clients.
