Prudential Investment & Securities Co., Ltd. Introduces New Product ‘Prudential Latin Index Plus Equity Fund’
First, ‘Prudential Latin Index Plus Equity Fund’ is invested in Latin American countries such as Brazil, Mexico, Chile and Argentina which possess natural resources like petroleum, food and minerals. In recent years, Latin America has maintained high GDP growth, 2%p higher than that of G7 countries, and its local economy is booming driven by a global economic recovery. In contrast to the global stock market, Latin American is largely comprised of sectors related to materials, energy and communication but the percentage of financial sector is small. This enables effective countermeasures to the cyclical fluctuation of global raw materials price and uncertainty within the advanced financial markets.
Second, the product offers opportunities for diversified investment in the global market by investing in Latin America with low correlations with the Korean, Chinese and Indian stock market.
Third, ‘Prudential Latin Index Plus Equity Fund' is managed based on a systematic and well-disciplined investment process. By leveraging the asset/sector model of Prudential Financial, investment decisions are made by analyzing and evaluating the macro outlook, valuation, return and risk by country and sector.
‘Prudential Latin Index Plus Equity Fund' is designed to minimize currency risk through hedging against the U.S. dollar denominated assets, but does not hedge against Latin American currencies. This fund can also be subscribed online.
Lee Chang-hoon, CEO of PAMC said, “Prudential Latin America Index Plus Equity Fund has been developed as one of the on-shore fund series to help domestic clients in their investments. This fund is expected to offer attractive opportunities by investing in Latin America, which is a region showing stable economic growth and economic reform, and with promising alternative fuels from its abundant natural resources. We will make further efforts to meet customer needs by diversifying on-shore fund products by leveraging our global network.”
※ Reference: 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 September 30, 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 $637 billion of assets under management as of September 30, 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