Fund news

Nine new funds from JPMorgan Asset Management and Fidelity

AEGON Scottish Equitable and AEGON Scottish Equitable International are delighted to announce the launch of nine new sector funds for pensions and offshore investors, including:

two emerging markets funds (including an emerging Europe fund)
two European equity funds
two fixed income funds
a global equity fund
a UK equity fund
an Asian equity fund

The funds, managed by our existing investment partners JPMorgan Asset Management and Fidelity, add strength and depth to our sector and specialist funds and complement our strong managed fund range.

The new funds in brief

Read on to get the key facts about each of the new funds.

Scottish Equitable JPMorgan Europe Smaller Companies
Scottish Equitable JPMorgan Asia
Scottish Equitable JPMorgan Emerging Markets
Scottish Equitable JPMorgan Global (ex-UK) Bond
Scottish Equitable JPMorgan New Europe
Scottish Equitable Fidelity Special Situations
Scottish Equitable Fidelity European Opportunities
Scottish Equitable Fidelity Extra Income
Scottish Equitable Fidelity Global Focus

Scottish Equitable JPMorgan Europe Smaller Companies fund and Scottish Equitable International JPMorgan Europe Smaller Companies fund

This fund aims to provide long-term capital growth by investing primarily in the shares of European smaller companies. Smaller companies are less well researched than larger ones, which gives investors the opportunity to uncover market inefficiencies and generate returns.

Key details
Sector	Pensions	ABI Europe ex UK Equities pension sector
	Offshore	Lipper UK Offshore Equity European Smaller Companies
Launch date		5 August 2008
Benchmark		HSBC Smaller European Companies ex UK Total Return Net Index
Risk rating		Above average*
Pension current additional disclosable yearly charges/expenses		Pensions: 0.95%
Offshore current disclosable yearly charge/expenses		Series A 1.95%, Series B 1.35%
*The risk rating for each fund is based on its risk relative to other funds in our full fund range. It’s not its risk against industry benchmarks. We regularly review the risk ratings, so they can change.

This fund is currently available across all AEGON Scottish Equitable pension products (except stakeholder and Income for Life) and AEGON Scottish Equitable International products (except 5 for Life). It isn’t currently available to our onshore bond investors.

Scottish Equitable JPMorgan Asia fund and Scottish Equitable International JPMorgan Asia fund

This fund aims to achieve long-term capital growth by investing primarily in the shares of companies quoted or trading in South East Asia.

Key details
Sector	Pensions	ABI Asia Pacific ex Japan Equity pension sector
	Offshore	Lipper UK Offshore Equity Far East (ex Japan)
Launch date		5 August 2008
Benchmark		MSCI AC Far East ex Japan Net Index
Risk rating		Higher*
Pension current additional disclosable yearly charges/expenses		Pensions: 0.95%
Offshore current disclosable yearly charge/expenses		Series A 1.95%, Series B 1.35%
*The risk rating for each fund is based on its risk relative to other funds in our full fund range. It’s not its risk against industry benchmarks. We regularly review the risk ratings, so they can change.

Scottish Equitable JPMorgan Emerging Markets fund and Scottish Equitable International JPMorgan Emerging Markets fund

This fund aims to achieve long-term capital growth by investing primarily in the shares of companies quoted or trading in countries where there’s an emerging market, or in closed-ended vehicles which invest primarily in such securities. The fund may also buy fixed interest securities.

Key details
Sector	Pensions	ABI Global Emerging Markets Equity pension sector
	Offshore	Lipper UK Offshore Equity Global Emerging Markets
Launch date		5 August 2008
Benchmark		MSCI Emerging Markets Net Index
Risk rating		Higher*
Pension current additional disclosable yearly charges/expenses		Pensions: 0.95%
Offshore current disclosable yearly charge/expenses		Series A 1.95%, Series B 1.35%
*The risk rating for each fund is based on its risk relative to other funds in our full fund range. It’s not its risk against industry benchmarks. We regularly review the risk ratings, so they can change.

Scottish Equitable JPMorgan Global (ex-UK) Bond fund and Scottish Equitable International JPMorgan Global (ex-UK) Bond fund

This fund aims to provide income with the prospect of capital growth from investment anywhere in the world, in non-sterling denominated interest-bearing securities (foreign government and non-government bonds) in any economic sector. The fund is hedged back to sterling.

Key details
Sector	Pensions	ABI Global Fixed Interest pension sector
	Offshore	Lipper UK Offshore Fixed Interest Global
Launch date		5 August 2008
Benchmark		JPMorgan Global Bond Index ex UK hedged in GBP
Risk rating		Below average*
Pension current additional disclosable yearly charges/expenses		Pensions: 0.55%
Offshore current disclosable yearly charge/expenses		Series A 1.55%, Series B 0.95%
*The risk rating for each fund is based on its risk relative to other funds in our full fund range. It’s not its risk against industry benchmarks. We regularly review the risk ratings, so they can change.