Investment Research

2018 Credit Market Themes & Outlook

Credit spreads look poised to continue grinding tighter in 2018, favoring credit risk relative to interest rate risk. However, we expect only a modest spread tightening so meaningful investment results will likely come from idiosyncratic opportunities.

Aegon Insights

LDI is in our DNA

Aegon AM US combines the full complement of the its deep, fundamental, bottom-up research culture, the global top-down house view process, and the firm's risk management systems, to provide customized liability-driven investment solutions.

Our Investment Centers

We understand the importance of long-term relationships, robust risk management and sustainable outperformance.

Aegon AM US provides fixed income strategies across the quality and yield spectrum to institutional investors.


Defining characteristics:
• Bottom-up, research-driven process informed by top-down analysis
• Integrated investment team comprised of industry-focused global credit analysts and dedicated specialty research teams
• Collaborative, team-based research and portfolio management conducted by experienced, long-tenured investment team members

Real Estate

Aegon Real Assets US offers specialized yield-oriented alternative strategies, providing real estate, agricultural and natural resource exposures.


Defining characteristics:
• Decades of experience structuring private real assets tailored to client preferences
• Cycle tested, disciplined and vertically integrated platform underpinned by a risk management infrastructure
• Deep market access coupled with focused underwriting teams

Kames Capital, based in the UK, provides globally-diversified fixed income, equities and multi-asset investment solutions.


Defining characteristics:
• Active manager with a high conviction approach, blending a top-down perspective with bottom-up analysis
• Robust and disciplined investment process
• Experienced and deeply-resourced investment and risk management teams