Prudential Investment & Securities Co., Ltd. introduces New Product “Prudential Alpha Bond Balanced Fund”
“Prudential Alpha Bond Balanced Fund” will be managed by Prudential Asset Management Co., Ltd. and pursues stable interest income with investment in bonds and at the same time aims to generate excess returns with investment in domestic equity and stock index futures based on financial engineering system. The followings are the major characteristics of the fund.
First, “Prudential Alpha Bond Balanced Fund” is designed to generate gains from volatility trading, different than the funds searching for absolute returns with cash & carry trading.
Second, the fund generates capital gains by trading individual shares with relatively higher volatility and stock index with low volatility, based on financial engineering formula. This helps the fund not being susceptible to the changes in the market conditions since it takes a new approach of volatility-based trading of underlying assets to create stable returns.
Third, “Prudential Alpha Bond Balanced Fund” is applied by the lower taxable NAV standards compared to ELS products. In other words, the portion of taxable value is smaller than that of ELS products since capital gains from equity or derivatives trading are not subject to taxation.
“Prudential Alpha Bond Balanced Fund” invests about 30% in equity and offers a RSP option. There is no minimum amount required for subscription.
Lee Chang-hoon, CEO of Prudential Asset Management Co., Ltd said, “Prudential Alpha Bond Balanced Fund has been developed to meet the needs of clients with stable investment preferences who search for stable current income regardless of the market conditions. We will make utmost efforts to meet the clients’ needs with diversified choices including structured products.”
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., (PAMC) 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 March 31, 2007.(For more information, please visit www.pru.co.kr, Call center: 1588-4588)
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $630 billion of assets under management as of March 31, 2007, 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
이 보도자료는 Prudential Investment & Securities Co. Ltd.가(이) 작성해 뉴스와이어 서비스를 통해 배포한 뉴스입니다.
-
2008년 7월 21일 10:52
-
2008년 5월 20일 10:00