Prudential Investment & Securities Co. Introduces New Product ‘Prudential Global Natural Resource Equity Fund’

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Prudential Investment & Securities Co. Ltd.

2008-01-13 10:59

Seoul--(뉴스와이어)--Prudential Investment & Securities Co. (PISC) (CEO Chung Jinho) announced that starting January 14 (Mon), it will distribute to individual and institutional investors a new product named ‘Prudential Global Natural Resource Equity Fund’, to reduce portfolio volatility by investing in the global natural resource sector with continued positive performance.

‘Prudential Global Natural Resource Equity Fund’ will be managed by Prudential Asset Management Co., Ltd. (PAMC) and sub-advised to RBC (Royal Bank of Canada) Asset Management. The fund seeks capital gains in the mid-to-long term by investing primarily in energy and materials stocks listed on the global equity market. The fund attributes are as follows.

First, ‘Prudential Global Natural Resource Equity Fund' invests in the energy sector (oil, gas, fossil fuel) and materials sector with long-term growth potential. Limited supply and continued high demand stemming from economic growth of emerging countries are expected to drive long-term sustainable growth of the natural resource sector. In addition, demand for natural resources will remain strong thanks to wealth creation and population growth based on global economic growth, and will offer opportunities for investors to indirectly benefit from the growth of emerging countries including China and India.

Second, the product offers Korean investors attractive opportunities to diversify their portfolios by investing in the natural resource market that has low correlations with the Korean and emerging equity markets. Correlation between the natural resource sector and other sectors is also low, providing effective diversification opportunities to global investors.

Third, ‘Prudential Global Natural Resource Equity Fund’ is sub-advised to RBC Asset Management with excellent regional network and investment know-how. Established in Canada in 1933, RBC Asset Management has broad investment capabilities with approximately 87.5 billion dollars (USD) in assets under management as of November 30, 2007.

‘Prudential Global Natural Resource Equity Fund’ is constructed under the mother-feeder structure. Approximately 90~95% of the feeder fund is invested into the mother fund, and approximately 5%~10% into Korean bonds and liquidity. There is no minimum investment amount and Regular Savings Plan investment is possible. Furthermore, this product is classified into a currency hedged fund and an unhedged fund, which allows investors to switch between the funds according to the currency outlook. This fund can also be subscribed online (www.pru.co.kr).

“Prudential Global Natural Resource Equity Fund offers Korean investors attractive opportunities to globally diversify their portfolios and to realize tax benefits. This fund is designed to enhance stability by investing in the commodities and energy stocks in various regions and countries around the world, unlike other resource funds which only invest in a specific sector,” explained Lee Chang-hoon, CEO of PAMC. “The natural resource market is expected to grow substantially in the future based on limited supply and continued strong demand. This is a global product fit for customers looking for relatively stable positive returns and opportunity for global diversification as the natural resource sector has low correlations with the Korean and Chinese equity markets.”

※ 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 10.3 trillion won of assets under management (including Discretionary Investment Management) as of December 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 $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)

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