Prudential launches four risk-managed portfolios for with-profits fund
Prudential has enhanced its risk-managed fund range with the launch of four funds with different equity contents.
The four new funds are the Prudential PruFund 0-30 fund, Prudential PruFund 10-40 fund, Prudential PruFund 20-55 fund and Prudential PruFund 40-80 fund.
The new funds enhance the current range which includes PruFund cautious and PruFund growth.
The funds invest in Prudential’s £66bn with-profits fund and are managed by Prudential’s Portfolio Management Group.
Prudential’s PMG investment director Andy Brown says: “An adviser can choose to move their client up or down the risk and potential return scale between the four funds. Such a change may be appropriate after an annual review or due to an investor approaching retirement, for example.
“In addition, our multi-asset management abilities mean we can look beyond the headlines for buying opportunities.”
The manager of the with-profits fund, Martin Brooke says: “Our core skills are in constructing well diversified, multi-asset portfolios that are designed to deliver a
particular risk profile - and then actively managing the asset mix to take advantage of market opportunities over time.”