Prudential Investment & Securities Co., Ltd. introduces New Product ‘Prudential Eastern Europe Equity Fund’
‘Prudential Eastern Europe Equity Fund’, managed by Prudential Asset Management Co., Ltd. and is sub-advised to ABN AMRO ,invests primarily in stocks listed on the Eastern European market and shares issued by Eastern European companies for mid- to long-term capital gains. The followings are major characteristics of the fund.
First, ‘Prudential Eastern Europe Equity Fund’ invests in Eastern European nations that have enjoyed robust economic growth based on reserves of natural resources and stable consumption demand of EU. Major investment region includes Russia, the Czech Republic, Poland, Hungary and Turkey. In Eastern Europe, real GDP in 2007 is projected to grow at twice the average growth rate in Western European nations and the U.S. and inflation is showing signs of gradual stabilization. In addition, Eastern Europe is in the process of integration into the EU for creation of economic values and this has been contributing to political and economic stability to support substantial economic growth in the region.
Second, the fund offers attractive diversification opportunities for Korean investors by investing in Eastern European equity markets that have low co-relation with the Korean stock market.
Third, ‘Prudential Eastern Europe Equity Fund’ is sub-advised to ABN AMRO that is adjacent to the local markets and based on a strong emerging market network and global expertise. ABN AMRO has extensive asset management capabilities with local operations in 27 nations across the world and approximately 262 trillion KRW in AUM.
‘Prudential Eastern Europe Equity Fund’ invests about 92% in Eastern European equity and the remaining 8% in domestic bond and liquidity. The fund offers an RSP option and there is no minimum amount required for subscription. FX risk for dollar-based assets is hedged within the fund.
Lee Chang-hoon, CEO of PAMC said, “Prudential Eastern Europe Equity Fund’ is one of the series of onshore overseas investment funds that have been developed to help clients’ investment. The fund is designed to offer investment opportunities into the Eastern European markets that are rapidly growing and have low co-relations with the Korean market. We will make further efforts to diversify overseas investment funds to meet the needs of clients.”
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
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2008년 7월 21일 10:52
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2008년 5월 20일 10:00