Prudential Investment Securities Co., Ltd. Offers New Product ‘Pru Japan Core Equity Fund’
“Pru Japan Core Equity Fund” will be managed by Prudential Asset Management Co. (PAMC) and investment in Japanese equities will be sub-advised to Nikko Asset Management Co. that has been outperforming the benchmark based on ‘Japan Core Strategy’ for 10 years.
“Pru Japan Core Equity Fund” is a product investing in the Japanese equity market that is set for a long-term growth. The market has been off from the protracted economic downturn and has entered into a full-fledged growth and a longest economic expansion since the World War II. By investing in an advanced and relatively stable stock market of the world’s second largest economy, Japan, the fund offers a diversification opportunity that will enhance the safety of global asset allocation, which is often found to be skewed towards the emerging markets.
This is an on-shore overseas investment fund that holds at least 60% in equity as an underlying asset and offers tax benefits, separate taxation and RSP investment. There is no minimum amount required to subscribe in the fund. FX will be strategically hedged within the fund to take advantage of forward exchange premium based on the won/yen interest rate gap.
Nikko Asset Management Co. in charge of managing investment in the Japanese equity market was established in 1959 and is one of the Japan’s oldest and most experienced asset management companies. The company is a winner of Asian Investor’s 2006 “Achievement Award” for Japan equity.
Lee Chang-hoon, CEO of PAMC, said, “This product was developed in order to offer Korean investors a chance to enhance stability in global asset allocation and an attractive investment opportunity into the Japanese equity market on a growth track. We will continue to make best efforts to provide sophisticated products taking advantage of Prudential’s global network.”
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)
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