AEGON Ethical Corporate Bond: Qual. Rating Issued

We believe AEGON Ethical Bond may have more risk than investors realise.

Alexander Prineas | 30-12-09 | E-mail Article

We have published a new Morningstar Qualitative Rating and Research Report for AEGON Ethical Corporate Bond.

"Philip Milburn joined AEGON in 1997 and he has managed this fund since 2002. He’s a savvy investor who is passionate about delivering good returns for investors. In Nov. 2009, deputy manager Iain Buckle was promoted to Milburn’s co-manager. Milburn and Buckle sit within the experienced UK fixed-income team. Communication with AEGON’s US and European teams has been useful but sporadic, which has prompted AEGON to consolidate its worldwide investment teams under the umbrella of a single global asset manager. It will be a while before the UK team benefits, but we don't see a downside and they are already a strong team in their own right, who use a sensible investment process. . . ."

The full four page pdf report can be accessed here. It is free to users of Morningstar.co.uk.

Alexander Prineas is a Fund Analyst at Morningstar. He would like to hear from you but cannot give financial advice. You can contact the author via this feedback form.
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