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March 8, 2022updated 23 Mar 2022 11:30am

Aegon to cease future investments in Russian and Belarusian companies

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Dutch insurer Aegon has decided to stop making further investments in companies based in Russia and Belarus, following Russia’s invasion of Ukraine.

In line with the decision, the Dutch multinational life insurance, pensions and asset management company has updated its Responsible Investment Policy.

The firm said that the policy is applicable to all general account investments where it has full management control.

In a press statement, Aegon said: “Investment decisions for third-party investments and investments for account of policyholders, are not within Aegon’s control. However, Aegon encourages its business units to discuss Aegon’s policy positions with their respective clients.”

Aegon said its Responsible Investment Policy already excluded investments in Russian and Belarus government‑issued debt, including government bonds.

Furthermore, the insurer will consider options to cut its exposure to current investment in Russia and Belarus.

The company, which does not have investments in Belarus, has general account investments of $29.3m (€27m) in Russia.

“These decisions are in line with the response of the international business community and the international sanctions imposed on Russia following the invasion of Ukraine,” the firm noted.

Last year, Aegon pledged to transition its general account investment portfolio, worth €156bn, to net-zero greenhouse gas emissions by 2050.

Financial services group, Aegon is engaged in offering investment, protection, and retirement solutions.

It has strategic focus on three core markets – the US, the UK, and the Netherlands, three growth markets – Spain & Portugal, Brazil, and China, and one global asset manager.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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