Prudential Financial, a financial services leader with approximately $871 billion of assets under management as of September 30, has rolled out four risk managed funds for investors in its £66 billion with-profits fund, Investment Week reports. The portfolios, comprising the Prudential PruFund 0-30, the Prudential PruFund 10-40, the Prudential PruFund 20-55 and the Prudential PruFund 40-80, have been launched to attract advisers and clients post-Retail Distribution Review.
The 0-30 fund will have between 0 percent and 30 percent in real assets, whereas the rest of the funds will be invested in fixed income and cash, with a mix of U.K., European, U.S. and Asian debt. The funds, managed by Prudential’s Portfolio Management Group, will enhance the current range which includes PruFund cautious and PruFund growth, adds Money Marketing.
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