Prudential Investment & Securities Co. launches a new product: “Pru Strategic Income Balanced Fund”
Prudential Asset Management Co., Ltd. has contracted with U.S.-based Prudential Investment Management-Fixed Income (PIM-Fixed Income) to sub-advise “Pru Strategic Income Balanced Fund.”
The fund has the following attributes:
* First, the product is designed to offer Korean investors the attractive benefits of investing in U.S. high yield bonds and emerging market bonds, and the two bond markets have low correlation, complementing each other. Fundamentally, the fund invests in U.S. high yield bonds and emerging market and flexibly invests in U.S. Treasury bonds and cash depending on the market environment.
* Second, currency hedge is done within the fund, enabling efficient currency risk management.
* Third, actual management will be carried out by PIM-Fixed Income. PIM-Fixed Income is the winner of the Fund Manager award for the Worldwide Investors Portfolio (WIP) U.S. High Yield Fund and Emerging Market Fixed Income Fund* and is one of the largest U.S. fixed income managers.
In the initial stage, the product will invest approximately 50 percent in emerging market bonds, approximately 45 percent in U.S. high yield bonds and approximately 5 percent in U.S. Treasury bonds and liquidity. There is no minimum investment amount and a regular savings plan (RSP) investment is possible
Chung Jinho, CEO of PISC explained the background of the product launch and said, “Emerging market bond markets with continued improvement in credit quality and U.S. high yield bond market with the record-low corporate default rate will be attractive investment alternatives for Korean investors,” and added, “the clients will once again recognize our efforts towards “Higher Quality Asset Management” and “Growing and Protecting Client’s Asset” through this product developed by leveraging Prudential’s global network.”
* Worldwide Investors Portfolio is an open-end investment company with different portfolios of assets, each constituting a “sub-fund.”
웹사이트: http://www.prucyber.com
연락처
Jae-Hwan Lee 822-3770-7373
Kyun-Jang Lee 822-3770-7577
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2008년 7월 21일 10:52
