Prudential Investment & Securities Co., Ltd. introduces new product ‘Pru Global REITs Fund of Funds’
“Pru Global REITs Fund of Funds” is managed by Prudential Asset Management Co., Ltd. (PAMC) and sub-advised to Prudential Real Estate Investors (PREI?) in the USA, a business unit of Prudential Investment Management and a real estate asset manager of Prudential Financial, Inc. (NYSE: PRU).
“Pru Global REITs Fund of Funds” invests in global real estate securities with high growth potential and favorable long-term outlook. Despite its rapid growth, market capitalization of real estate securities market is only about five percent of the total real estate market and less than three percent of public equity market. In addition, the product offers Korean investors effective global diversification with low-correlated investment regions and investment assets, and its dividend income may offer investors a potential hedge against inflation.
PREI, a sub-advisor of “Pru Global REITs Fund of Funds,” has more than 36 years of experience investing in real estate and offers a broad range of investment opportunities and investment management services in the United States, Europe, Asia and Latin America.. PREI had 35.8 billion USD ($26.2 billion net) in assets under management as of December 31, 2006, and is ranked among the largest real estate investment managers.
The product is an onshore fund incepted in Korea and invests approximately 70-90 percent of the assets in global REITs and real estate stocks. Regular Savings Plan (RSP)_investment is possible and the product does not have minimum investment amount. In terms of FX, currency risk is hedged within the fund, minimizing the risk of FX volatility.
“Asset management of Pru Global REITs Fund of Funds is sub-advised to the asset manager of Prudential’s WIP Global Real Estate Securities Fund, a well-received fund launched in March 2005. Pru Global REITs Fund of Funds has been developed as one of the series of onshore non-Korean asset class funds. It will be an effective product for Korean investors who seek to create global investment portfolios,” said Lee Chang-hoon, CEO of PAMC.
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)
Prudential Real Estate Investors (PREI) PREI’s specialized operating units offer a broad range of investment opportunities and investment management services in the United States, Europe, Asia, and Latin America. The company's fund management operations, located in Parsippany, N.J.; Atlanta, Ga.; Munich, London, Mexico City and Singapore, are supported by a network of local offices throughout the world. As of December 31, 2006, PREI managed $35.8 billion USD of gross assets ($26.2 billion net) on behalf of more than 300 clients and is ranked among the largest real estate investment managers.(For more information, visit www.prei.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