Prudential Annuities, the domestic annuity business for Prudential Financial, has enhanced its investment platform by adding two new investment options from world-class money managers. The firm has added the AST BlackRock Global Strategies Portfolio and the AST Wellington Management Hedged Equity Portfolio to its lineup of asset allocation offerings. BlackRock’s portfolio provides a mandate that is designed specifically for use with Prudential Annuities’ products, while Wellington’s portfolio is a 100% equity asset allocation that uses an index-option overlay to provide downside market protection. The move brings the number of alternative strategies to six and the total number of asset allocation portfolios that investors can combine to diversify among asset classes, investment styles and exposure to alternative investments to 18.
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