Prudential Investment & Securities Co. introduces new product “Pru Core Asia Equity Fund of Funds”

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Prudential Investment & Securities Co. Ltd.

2006-11-06 09:56

Seoul--(뉴스와이어)--Prudential Investment & Securities Co., Ltd. (PISC) (CEO Chung Jinho) announced today that starting November 6, PISC will sell to individual and institutional investors a new product named “Pru Core Asia Equity Fund of Funds (FoFs),” a diversified portfolio composed of equity funds investing in Korea, China, Japan and India, the main drivers of growth in Asia.

“Pru Core Asia Equity FoFs” will be managed by Prudential Asset Management Co., Ltd. (PAMC) and has the following characteristics.

First, the fund offers an opportunity to enjoy high capital gains by investing in the equity markets of Korea, China, Japan, and India, which have become the strong growth engines in Asia.

Second, it is a diversified portfolio seeking to lower volatility and maximize long-term returns by investing in four Asian countries with low correlations and diverse sectors.

Third, the product enables strategic asset allocation between the countries by leveraging PAMC’s extensive capability of investment management in Asia and global network of Prudential Financial.

“The product has been developed to offer attractive opportunities of investing in four equity markets of Korea, China, Japan, and India, the major economies in the globally fastest growing Asia. We will continue to exert best efforts to provide high quality products by leveraging Prudential’s global network,” Chang Hoon Lee, CEO of Prudential Asset Management Co., Ltd. said.

Company Descriptions:

Prudential Investment & Securities Co., Ltd. currently has a nationwide network of over 70 branches and provides various financial services and investment advice to help customers achieve their financial goals.(For more information, visit www.pru.co.kr)

Prudential Financial companies, with approximately $586 billion(W554 trillion) in total assets under management as of September 30, 2006, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the United States. These companies offer a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement-related services and administration, asset management, banking and trust services, real estate brokerage franchises, relocation services and, through a joint venture, retail securities brokerage services. For more information, visit www.prudential.com.

웹사이트: http://www.prucyber.com