Prudential Investment & Securities Co. introduces new product “Pru China Equity Fund”
“Pru China Equity Fund” is managed by Prudential Asset Management Co., Ltd. (PAMC) and China-related equity investment is sub-advised to ABN AMRO Asset Management, an asset manager with broad investment capabilities and good track record in the Chinese market.
“Pru China Equity Fund” offers Korean investors opportunities to invest in continued growth potential of China, which has emerged as a growth engine of the global economy. Global investors continue to overweight the Chinese market as China still represents only about 1 percent of the global market capitalization while its GDP accounts for approximately 5 percent of the global GDP (nominal). Drivers of the continued Chinese economic growth include strong housing demand or consumer sales growth outlook resulting from urbanization, and resolute government policies.
AMN AMRO Asset Management, a sub-advisor of “Pru China Equity Fund,” is one of the global asset managers that have broad investment capabilities with 380 portfolio managers and 1500 investment professionals located globally.
The product invests approximately 90 percent of the assets in China-related stocks and is an onshore non-Korean asset class fund incepted in Korea. RSP investment is possible and the product does not have minimum investment amount. In terms of FX, basic strategy is to efficiently hedge currency risk within the funds.
“Pru China Equity Fund is one of the series of onshore non-Korean asset class funds developed to help Korean clients make investment,” explained Lee Chang-hoon, CEO of PAMC. Lee added, “Despite short-term, high growth over the past year, the Chinese market is still attractive in the long-term given its economic growth and the pace of capital market development.”
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 $616 billion of assets under management as of December 31, 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