Aegon Asset Management, part of the Aegon group, is set to launch a multi-asset fund on 1 March, the first in its multi-asset stable to specifically target the retail investor.

The AEGON Strategic Assets Fund will consist largely of long-only investments in equities and fixed income, sitting within the IMA Cautious Managed sector. It will be invested along themes and strategies developed by the firm’s multi-asset group.

Managed by William Dinning, Aegon AM’s head of investment strategy, and Sean Flanagan of its multi-asset group, the fund’s objective is “to achieve positive returns over a three-year period”.

It has an initial charge of 5.5 per cent, discounted to 3 per cent until 1 March 2012 for lump sum investments, with an annual charge of 1.5 per cent. The minimum lump sum investment is £500 ($811.30).