Prudential Asset Management Co. Introduces New Product ‘Prudential China Smart Wave Balanced Fund’
First, ‘Prudential China Smart Wave Balanced Fund' uses the split trading strategy based on the Smart Wave management system. There are several funds which leverage split trading in the domestic market but this fund primarily invests in the overseas equity (H-share) market. Investors can reap the benefits of split trading which is ideal for buying and selling of stocks in a relatively volatile China market.
Second, the product invests in large-cap stocks with high capitalization and liquidity listed on the Hang Seng China Enterprises Index (HSCEI), which tracks the performance of major H-shares. Over 70% of companies listed on the HSCEI are in the financial, materials and energy sector which drive China’s economic growth. In addition, the fund is designed to seek higher returns as the trading band varies based on the volatility of stock prices. For example, investors can maintain overweight or underweight position in high or low volatile stocks.
Third, ‘Prudential China Smart Wave Balanced Fund’ is managed and its risk is thoroughly controlled by cooperative team work among the management, research, risk management and compliance team of PAMC that holds more than seven years of expertise since 2000 regarding the Smart Wave management system in the domestic market.
‘Prudential China Smart Wave Balanced Fund’ initially holds at least 60% expose in equity and equity position is determined by volatility. The fund is available in two types-with and without currency hedging. There is no minimum investment amount and Regular Savings Plan investment is possible.
“Prudential China Smart Wave Balanced Fund offers Korean investors to seek stable returns amidst growing volatility in the Chinese market,” explained Lee Chang-hoon, CEO of PAMC. He reiterated the merits of the fund saying “Volatility-based trading strategy is used to investment in the Hang Seng China Enterprises Index which can lead to more benefits and opportunities for Korean investors, compared to other volatility indexes such as the Hang Seng Index, KOSPI and NIKKEI 225. This fund is designed to offer alternative and diversification opportunities for customers looking for stable positive returns in the ongoing global market correction.”
※ Reference: Company Descriptions
Prudential Asset Management Co., Ltd., (PAMC) an affiliate of PISC, is one of the biggest asset managers in Korea with approximately 11.59 trillion won of assets under management (including Discretionary Investment Management) as of February 29, 2008.(For more information, please visit www.pru.co.kr , Call center: 1588-4588 )
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $648 billion of assets under management as of December 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