Kames Capital, the Edinburgh-headquartered investment arm of Aegon, has registered with US the Securities and Exchange Commission as an investment adviser, as it prepares to enter the US market.
The entry will enable Kames Capital to offer US investors access to two of its global equity strategies: the Kames Global Equity Income strategy and the Kames Global Sustainable Equity Strategy. These will be potentially followed by other strategies, already identified as having strong demand from US investors, the company said in a statement.
Aegon Asset Management (AAM) – Kames Capital’s affiliate in the US – will provide sales and marketing support to Kames Capital, the statement added.
Kames’ launch into the US market follows its expansion into continental Europe, where it is now active in 16 countries and territories, as well as into LatAm, where it recently signed a partnership agreement with the investment firm HMC Capital to enter Chilean market.
It is part of a wider strategy on the part of its parent, Netherlands-based Aegon NV, to introduce some of its most successful investment products, strategies and services to new markets.
Kames Capital’s chief executive officer Martin Davis said called the move into the US market “another significant milestone in the development of Kames Capital”.
“The agreement for our sister affiliated company to distribute our strategies in the US is also a positive step as Kames and AAM look to bring their successful capabilities to our customers wherever they are located,” he added.
Kames has its roots in the Scottish Equitable Life Assurance Society, which was founded in 1831. Scottish Equitable was acquired by Aegon in 1998, becoming the UK arm of the €309bn Dutch insurance, pension and asset management giant. The asset management business was relaunched as Kames Capital in 2011.