Multi-assetSep 9 2015

Prudential launches lower-cost multi-asset range

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Prudential launches lower-cost multi-asset range

Prudential has launched a five-strong range of risk-managed funds designed to complement its existing £800m Dynamic Portfolio range.

The Dynamic Focused Portfolios, run by the Prudential Portfolio Management Group, will invest in active fixed income and real estate funds and passive equity portfolios, and each target a different level of risk and return.

The five funds allocate to M&G funds for fixed interest and real estate exposure, and Legal and General trackers for their equity exposure. Ongoing charges for the funds will range from 0.81 per cent to 0.86 per cent.

Two existing funds form part of the range. Prudential’s £297m Managed Defensive fund will become the Dynamic Focused 0-30 Portfolio, while the £130m Cautious Managed Growth fund will become the Dynamic Focused 20-55 Portfolio.

They will be accompanied by three new funds: Dynamic Focused 10-40, Dynamic Focused 40-80 and Dynamic Focused 60-100. Each name relates to the individual portfolios’ minimum and maximum equity limits.

The insurer has also rebranded its existing actively-managed Dynamic Portfolio range to bring it in line with these naming conventions.

The Prudential Defensive Portfolio is now the Dynamic 0-30 Portfolio, with the Cautious Portfolio becoming the Dynamic 10-40 Portfolio and the Cautious Growth Portfolio now known as the Dynamic 20-55 Portfolio.

Meanwhile the Balanced Portfolio becomes the Prudential Dynamic 40-80 Portfolio, and the Adventurous Portfolio has been rebranded as the Dynamic 60-100 Portfolio.