Prudential Investment Securities Co., Ltd. launches New Product ‘Pru Global New Stock Balanced Fund’
“Pru Global New Stock Balanced Fund” will be managed by Prudential Asset Management Co., Ltd. and sub-advised by UOBAM (UOB Asset Management), one of the most renowned fund managers in Singapore.
“Pru Global New Stock Balanced Fund” holds bond as basic underlying assets and offers domestic and global IPO investment for excess returns over domestic bond funds. Depending on investment exposure to IPO, two types of products will be distributed: bond balance and stable balance. The bond balance type invests 70% in domestic bond and liquidity and 30% in global or Korean IPO stocks while the stable balance type invests 90% in domestic bond and liquidity and 10% in global and Korean IPO. The product offers tax incentives and RSP investment and there is no minimum amount required to subscribe in. FX is hedged within the fund for more efficient management of currency risks.
UOBAM, the sub-advisor for global IPO management, is founded in 1986 in Singapore specialized in asset management. The company’s United Global IPO Fund was designated as the Most Innovative Product 2005 by Asia Asset Management.
Lee Chang-hoon, CEO of Prudential Asset Management Co., Ltd said, “Following 2006, this year will be another strong year for Global IPO market growth backed by positive market conditions including a possible rate cut and oil price fall. “Pru Global New Stock Balanced Fund” is a global IPO fund that has yet to be widely distributed in the Korean market. This product will be a great help to investors who pursue a combination of excess returns and stability.”
Company Descriptions:
Prudential Investment & Securities Co., Ltd. (PISC) currently has a nationwide network of over 70 branches and provides various financial services and investment advice to help customers achieve their financial goals. Prudential Asset Management Co.,Ltd., an affiliate of PISC, is one of the biggest asset managers in Korea with approximately 9.5 trillion won of assets under management (including Discretionary Investment Management) as of December 31, 2006.(For more information, please visit www.pru.co.kr, Call center: 1588-4588)
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $586 billion of assets under management as of September 30, 2006, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services.(For more information, please visit www.prudential.com)
UOBAM (UOB Asset Management), a subsidiary of United Overseas Bank Ltd. was founded in 1986 in Singapore. UBOAM has $ 14.4 billion (approximately 13 trillion won) in AUM as of November 2006. It has receiver various awards with United Global IPO fund being recognized as the Most Innovative Product 2005 by Asia Asset Management.
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
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2008년 5월 20일 10:00