Iain Snedden, senior investment specialist at Aegon Asset Management, comments on the sectors that are set to benefit from Labour’s pledges ahead of the King’s Speech tomorrow. Iain Snedden, senior investment specialist at Aegon Asset Management:‘Two areas that have been well signposted are housing and clean energy and we would expect stocks with exposure to these to benefit in the coming months.  Labour campaigned heavily on housing, pledging to overhaul the planning system that has stymied homebuilding numbers. With a target of 1.5 million homes to be built in England over the parliament, this is a clear positive for housebuilders, as well as related stocks like Genuit and Volution, which focus on the movement of water and air through buildings, and builders merchants. ‘Clean energy is another area the new government has pledged to throw its weight behind. By removing regulations that have constituted a de facto ban on new onshore wind developments since 2017, the government hopes to match other European nations, which have been adding large amounts of onshore wind capacity in recent years. Stocks related to renewable energy have had a tough time globally over the past couple of years, so this commitment could be a much-needed fillip for UK stocks with exposure to the theme.’‘One other area that may be affected by the change in government is the hospitality sector – another that has not had its troubles to seek in recent times. Labour’s manifesto pledged fairer financial treatment for the sector, so we may see some rates relief for pubs and restaurants

Relevate Power secured a $15 million investment from Greenbacker Capital Management and an affiliate of Aegon Asset Management. This initial funding will support the acquisition and construction of Relevate's national operations center. Relevate aims to triple its footprint by the end of 2024, focusing on the Midwest and enhancing its New England portfolio. The company currently operates 21 run-of-river hydropower facilities in the northeast.

Clearwater PRISM Easily Aggregates Multi-Asset Client Investment Data, Enabling Growth and a Differentiated Client ExperienceBOISE, Idaho and LONDON, March 19, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based data, investment management, accounting, reporting and analytics solutions, today announced that Aegon Asset Management (Aegon AM) has implemented Clearwater PRISM for its global client reporting needs. Aegon AM is an active global investment business with EUR 305 billion of assets under management as of December 31, 2023.Clearwater PRISM offers a modern and user-friendly solution, which ensures a differentiated client experience. The flexibility and scalability of Clearwater's SaaS-based client reporting solution will help support Aegon AM in its work to expand its client base and increase asset flows. Moreover, Clearwater's out-of-the-box data model helps to reduce the risks associated with large-scale IT development programs that require extensive funding and resources."We are pleased to strengthen our relationship with Clearwater and accelerate our digital transformation with a state-of-the-art data hub. Clearwater PRISM will enable our client services team to quickly access high quality portfolio data and respond to on-demand client inquiries," said Mike Tumilty, COO at Aegon AM."This is a story of building a valued partnership with a client and earning the right to expand that partnership," said Sandeep Sahai, CEO at Clearwater Analytics. "We are delighted that an industry leader, such as Aegon AM, is successfully implementing Clearwater PRISM, as its all-in-one client investment reporting solution