Pension and Investment fund updates

Our funds are always potentially subject to changes, and we want to keep you up-to-date with what's happening. You'll find information on recent changes below.

We'd recommend that you visit this page for information if you are considering your investment choice. This page is for information purposes only. Please speak to your adviser if you require any more information.

Prudential decided to change the name of our fund to align it with the name provided by the manager of the underlying fund.

The Prudential fund’s existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What changed?

The table below shows the details of the name change that applied to the Prudential fund:

Previous fund name

New fund name

Prudential South East Asia Bond Fund (ex M&G)

Prudential M&G Asian Bond Fund (ex M&G)


What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

Prudential decided to change the name of our fund to align it with the name provided by the manager of the underlying fund.

The Prudential fund’s existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What changed?

The table below shows the details of the name change that applied to the Prudential fund:

Previous fund name

New fund name

Prudential South East Asia Pension Fund (ex M&G)

Prudential M&G Asian Pension Fund (ex M&G)


What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

Prudential decided to change the name, strategy and investment policy of this fund to bring them more into line with changes made by the manager of the underlying fund. 

The changes set a more realistic expectation for the fund’s future returns as the underlying fund manager does not anticipate a significant rise in yields from corporate bonds, which the fund is able to invest in, in the foreseeable future. 

The Prudential fund’s existing risk profile, Prudential risk rating and fund charges remain the same.
 

What changed?

The table below shows the details of the name, strategy and investment policy that applied to the Prudential fund:

Previous fund name

New fund name

Prudential UK Income Pension Acc (exM&G)

Prudential M&G UK Income Distribution Pension (exM&G)

Previous fund description

New fund description

The investment strategy of the fund is to purchase units in the M&G Extra Income Fund. That fund invests mainly in a range of UK equities with the aim of achieving a high income stream which also increases over time. The target yield is 50% higher than that of the FTSE All-Share Index but this may vary in the shorter term. Although income will be the primary consideration, the investment manager will also be mindful of total return (the combination of income and growth of capital).

The investment strategy of the fund is to purchase units in the M&G UK Income Distribution Fund.  The fund aims to increase income distributions over time and targets a yield greater than that of the FTSE All-Share Index. Although income will be the primary consideration, the investment manager will also aim for capital growth.  At least 70% of the fund will be invested in UK equities. The fund focuses on good-quality but undervalued stocks that offer a higher income than the FTSE All-Share Index by identifying those companies that exhibit the following qualities: strong business operations, good cash flows and attractive dividend growth prospects. The fund may also invest in sterling-denominated fixed income securities. Cash and near cash may be held for ancillary purposes and derivatives may be used for efficient portfolio management and hedging purposes.

 

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

 

 

Prudential decided to change the name, strategy and investment policy of this fund to bring them more into line with changes made by the manager of the underlying fund. 

The changes set a more realistic expectation for the fund’s future returns as the underlying fund manager does not anticipate a significant rise in yields from corporate bonds, which the fund is able to invest in, in the foreseeable future. 

The Prudential fund’s existing risk profile, Prudential risk rating and fund charges remain the same.

What changed?

The table below shows the details of the name, strategy and investment policy that applied to the Prudential fund:
 

Previous fund name

New fund name

Prudential Extra Income Bond Acc (exM&G)

Prudential M&G UK Income Distribution Bond (exM&G)

Previous fund description

New fund description

The investment strategy of the fund is to purchase units in the M&G Extra Income Fund. That fund invests mainly in a range of UK equities with the aim of achieving a high income stream which also increases over time. The target yield is 50% higher than that of the FTSE All-Share Index but this may vary in the shorter term. Although income will be the primary consideration, the investment manager will also be mindful of total return (the combination of income and growth of capital).

The investment strategy of the fund is to purchase units in the M&G UK Income Distribution Fund. The fund aims to increase income distributions over time and targets a yield greater than that of the FTSE All-Share Index. Although income will be the primary consideration, the investment manager will also aim for capital growth. At least 70% of the fund will be invested in UK equities. The fund focuses on good-quality but undervalued stocks that offer a higher income than the FTSE All-Share Index by identifying those companies that exhibit the following qualities: strong business operations, good cash flows and attractive dividend growth prospects. The fund may also invest in sterling-denominated fixed income securities. Cash and near cash may be held for ancillary purposes and derivatives may be used for efficient portfolio management and hedging purposes.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

Prudential decided to change the name and update the strategy of this fund to bring them more into line with those provided by the manager of the underlying fund. 

Both changes will help ensure investors have consistent information that can be relied upon when researching and reviewing investment options.

The Prudential fund’s existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund: 

Previous fund name

New fund name

Prudential Fidelity South East Asia Fund

Prudential Fidelity Asia Fund

Previous fund description

New fund description

The investment strategy of the fund is to purchase units in the Fidelity Asia Fund.  That fund aims to achieve long-term capital growth through investment primarily in the shares of companies (equities) situated throughout the Pacific Basin, excluding Japan. The fund is likely to have a bias towards larger companies.

The investment strategy of the fund is to purchase units in the Fidelity Asia Fund. That fund aims to achieve long term capital growth from a portfolio made up of the shares of companies throughout the Pacific Basin, but excluding Japan. The portfolio is likely to have a bias towards larger companies. However, the fund operator is not restricted in the choice of company either by size or industry, or in terms of the geographical split of the portfolio, which is largely determined by the availability of attractive investment opportunities, rather than the outlook for each market.

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

Prudential decided to change the name and update the strategy of this fund to bring them more into line with those provided by the manager of the underlying fund. 

Both changes will help ensure investors have consistent information that can be relied upon when researching and reviewing investment options. 

The Prudential fund’s existing underlying fund strategy, Prudential risk rating and fund charges remain the same.

What changed?

The table below shows the details of the name and fund description changes that applied to the Prudential fund: 

Previous fund name

New fund name

Prudential Index Linked Gilt Fund

Prudential M&G Index-Linked Bond Fund

Previous fund description

New fund description

The investment strategy of the fund is to purchase units in the M&G Index-Linked Bond Fund. That fund aims to secure the value of capital and income from the effects of inflation with a long-term total return consistent with investment in index-linked bonds. The portfolio will focus mainly on index-linked debt instruments which may be government and public securities or corporate debt instruments. Non-sterling denominated securities may be held and, if deemed appropriate by the investment manager, the associated currency risks hedged.

The investment strategy of the fund is to purchase units in the M&G Index-Linked Bond Fund. That fund aims to secure the value of capital and income from the effects of inflation over a rolling five year period or longer with a total return consistent with investment in Index-Linked bonds. There is no guarantee that the fund will achieve its objective over this, or any other, period.

 

What current investors need to do?

You don't need to do anything. We've written to those invested in the fund to tell them about the changes.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives.

 

Previous objective

New objective

The investment strategy of the fund is to purchase units in the Artemis Strategic Bond Fund. That fund aims to achieve a total return by investment predominantly in fixed income markets but may selectively invest in other markets and asset classes as determined by the manager's strategy from time to time.

The investment strategy of the fund is to purchase units in the Artemis Strategic Bond Fund. That fund aims to achieve a combination of income and capital growth by investing predominantly in fixed income markets but may selectively invest in other markets. Equal emphasis is given to the security of capital and income although from time to time one may take prominence over the other in accordance with the strategy being pursued.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

The investment strategy of the fund is to purchase units in the Baillie Gifford American Fund. That fund aims to maximise total return by investing principally in equities in any economic sector in the United States of America. The fund may also invest in Canada from time to time.

The investment strategy of the fund is to purchase units in the Baillie Gifford American Fund. That fund aims to produce attractive returns over the long term principally through investment, whether direct or indirect, in any economic sector in the United States of America. From time to time, at the fund operator’s sole discretion, investment, whether direct or indirect, may also be made in any economic sector in Canada. Up to (but no more than) 10% in value of the Fund may be invested in each of the following: collective investment schemes and deposits.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

The investment strategy of the fund is to purchase units in the CF Prudential UK Growth Qualified Investor Scheme Fund. That fund aims to achieve capital growth over the longer term from a range of mostly UK investments (up to 20% of the property of the Scheme may be invested overseas) including both equities and fixed interest securities. The Scheme's portfolio is broadly based and well balanced with a significant part invested in the shares of 'blue chip' companies.

The investment strategy of the fund is to purchase units in the CF Prudential UK Growth Qualified Investor Scheme Fund. That fund aims to achieve capital growth over the longer term from a range of mostly UK securities (up to 20% of the property of the Trust may be invested overseas).

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

The investment strategy of the fund is to purchase units in the CF Prudential European Qualified Investor Scheme Fund. That fund aims to achieve long-term capital growth by investing mainly in the shares of continental European companies quoted on the stockmarkets of Europe in all economic sectors.

The investment strategy of the fund is to purchase units in the CF Prudential European Qualified Investor Scheme Fund. That fund aims to achieve capital growth through investment in a range of European (excluding UK) securities, mainly equities.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

The investment strategy of the fund is to purchase units in the M&G Extra Income Fund. That fund aims to achieve a high income stream which also increases over time, by investing mainly in a range of UK equities. The target yield is 50% higher than that of the FTSE All-Share Index but this may vary in the shorter term.

The investment strategy of the fund is to purchase units in the M&G Extra Income Fund. That fund invests mainly in a range of UK equities with the aim of achieving a high income stream which also increases over time. The target yield is 50% higher than that of the FTSE All-Share Index but this may vary in the shorter term. Although income will be the primary consideration, the investment manager will also be mindful of total return (the combination of income and growth of capital).

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund. That fund aims to provide a secure income with stability of capital consistent with investment in gilts. The fund invests mainly in short, medium or long-dated gilts according to M&G's view at any given moment of the likely course of interest rates and trend of the gilt-edged market.

The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund. That fund aims to provide a secure income with stability of capital consistent with investment in gilts over a rolling three to five year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

The investment strategy of the fund is to purchase units in the FP Verbatim Portfolio 5 Income Fund. That fund aims to achieve income with some potential for capital growth over the medium to longer term by using a risk based investment strategy that is broadly balanced.

The investment strategy of the fund is to purchase units in the FP Verbatim Portfolio 5 Income Fund. That fund will use a broadly cautious balanced investment strategy with the aim of achieving income with some potential for capital growth over the medium to longer term.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

The investment strategy of the fund is to purchase units in the Henderson Preference & Bond Fund. That fund aims to provide a return by investing primarily in sterling denominated preference shares, government securities, corporate bonds, Eurobonds and other bonds. The fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.

The investment strategy of the fund is to purchase units in the Henderson Preference & Bond Fund. That fund aims to provide a return by investing primarily in sterling denominated preference shares, Government securities, corporate bonds, Eurobonds and other bonds. Where the Fund invests in currencies other than sterling, the Fund will always be hedged at least 80% to sterling in aggregate. The Fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.


What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

The investment strategy of the fund is to purchase units in the CF Prudential Japanese Qualified Investor Scheme Fund. That fund aims to provide high long-term growth through actively managing a portfolio consisting wholly or mainly of companies, the securities of which are listed in, or the operations of which are based mainly in, Japan.

The investment strategy of the fund is to purchase units in CF Prudential Japanese Qualified Investor Scheme Fund. That fund aims to achieve long-term capital growth through investment in a range of Japanese securities.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

The investment strategy of the fund is to purchase units in the Jupiter UK Growth Fund. That fund aims to achieve long-term capital growth by investing principally in the shares of UK companies.

The investment strategy of the fund is to purchase units in the Jupiter UK Growth Fund. That fund aims to obtain long term capital growth by investing in any economic sector principally in the United Kingdom.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

The investment strategy of the fund is to purchase units in the Kames High Yield Bond Fund. That fund aims to maximise total return (income plus capital) by investing in a portfolio of predominantly high yield bonds, selected investment grade bonds and cash. The fund may also hold sterling and other currency denominated bonds hedged back to sterling.

The investment strategy of the fund is to purchase units in the Kames High Yield Bond Fund. That fund aims to maximise total return (income plus capital)  by investing in a portfolio of predominantly high yield bonds, selected investment grade bonds and cash. The fund may also hold sterling and other currency denominated bonds hedged back to sterling. It may also invest in deposits, money market instruments, derivative instruments and forward transactions.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives.

Previous objective

New objective

The investment strategy of the fund is to purchase units in the Kames Strategic Bond Fund. That fund aims to maximise total return (income plus capital) by investing in fixed interest securities, in any currency, ranging from AAA rated government bonds through to high yield and emerging market corporate bonds. At least 80% of the fund will be invested in sterling and other currency denominated bonds hedged back to sterling.

The investment strategy of the fund is to purchase units in the Kames Strategic Bond Fund. That fund aims to maximise total return (income plus capital) by investing in fixed interest securities, in any currency, ranging from AAA rated government bonds through to high yield and emerging market corporate bonds. At least 80% of the fund will be invested in sterling and other currency denominated bonds hedged back to sterling. The fund may also invest in deposits, money market instruments, derivative instruments and forward transactions.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

The investment strategy of the fund is to purchase units in the M&G Episode Allocation Fund. That fund aims to maximise total return (the combination of income and growth of capital) through investment in a diversified range of asset types. Subject to this, the fund aims to grow income in the long term. The fund invests mainly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash and property mainly via collective investment schemes, but, with the exception of property, may invest directly in these assets. The fund may also invest directly in derivative instruments for the purposes of investment and efficient portfolio management. The fund will invest no more than 60% of its portfolio in equities.

The investment strategy of the fund is to purchase units in the M&G Episode Allocation Fund. That fund aims to maximise total return (the combination of income and growth of capital) through investment in a diversified range of asset types. Subject to this, the Fund aims to grow income in the long term. The fund invests in transferable securities, fixed income assets (including, but not limited to, corporate bonds and government and public securities), warrants, money market instruments, deposits, cash and near cash. Exposure to these assets, and to property, may be gained via collective investment schemes and derivatives (including equity index futures, currency forwards, interest rate swaps and other liquid derivatives). The fund will invest no more than 60% of the portfolio in equities. Derivatives may also be used for efficient portfolio management purposes.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

The investment strategy of the fund is to purchase units in the M&G Episode Growth Fund. That fund aims to maximise total return (the combination of income and growth of capital). The fund invests mainly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash and property mainly via collective investment schemes, but, with the exception of property, may invest directly in these assets. The fund may also invest directly in derivative instruments for the purposes of investment and efficient portfolio management.

The investment strategy of the fund is to purchase units in the M&G Episode Growth Fund. That fund aims to maximise total return (the combination of income and growth of capital). The fund invests in transferable securities, fixed income assets (including, but not limited to, corporate bonds and government and public securities), warrants, money market instruments, deposits, cash and near cash. Exposure to these assets, and to property, may be gained via collective investment schemes and derivatives (including equity index futures, currency forwards, interest rate swaps and other liquid derivatives). The fund will invest a minimum of 50% in collective investment schemes. Derivatives may also be used for efficient portfolio management purposes.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund. That fund aims to provide a secure income with stability of capital consistent with investment in gilts. The fund invests mainly in short, medium or long-dated gilts according to M&G's view at any given moment of the likely course of interest rates and trend of the gilt-edged market.

The investment strategy of the fund is to purchase units in the M&G Gilt & Fixed Interest Income Fund. That fund aims to provide a secure income with stability of capital consistent with investment in gilts over a rolling three to five year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

The investment strategy of the fund is to purchase units in the M&G Short Dated Corporate Bond Fund. That fund aims to provide income with stability of capital. The fund invests mainly in debt instruments (which include, but are not limited to: variable rate securities, fixed interest securities, gilts and corporate debt).

The investment strategy of the fund is to purchase units in the M&G Short Dated Corporate Bond Fund. That fund aims to provide income with stability of capital over a rolling three to five year period. There is no guarantee that the Fund will achieve its objective over this, or any other, period.  The Fund invests mainly in debt instruments (which include, but are not limited to: variable rate securities, fixed interest securities, gilts and corporate debt). The Fund’s exposure to debt instruments may be gained through the use of derivatives. In certain market conditions the fund may have a high proportion of its portfolio in liquid assets such as cash and near cash, deposits, warrants and money market instruments. The Fund may also invest in other assets including collective investment schemes, other transferable securities and other derivative instruments.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

The investment strategy of the fund is to purchase units in the M&G Episode Growth Fund. That fund aims to maximise total return (the combination of income and growth of capital). The fund invests mainly in securities, fixed income assets, warrants, money market instruments, deposits, cash, near cash and property mainly via collective investment schemes, but, with the exception of property, may invest directly in these assets. The fund may also invest directly in derivative instruments for the purposes of investment and efficient portfolio management.

The investment strategy of the fund is to purchase units in the M&G Episode Growth Fund. That fund aims to maximise total return (the combination of income and growth of capital). The fund invests in transferable securities, fixed income assets (including, but not limited to, corporate bonds and government and public securities), warrants, money market instruments, deposits, cash and near cash. Exposure to these assets, and to property, may be gained via collective investment schemes and derivatives (including equity index futures, currency forwards, interest rate swaps and other liquid derivatives). The fund will invest a minimum of 50% in collective investment schemes. Derivatives may also be used for efficient portfolio management purposes.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

The investment strategy of the fund is to purchase units in the CF Prudential North American Qualified Investor Scheme Fund. That fund aims to provide total long-term growth (the combination of income and growth of capital) by investing in an actively managed portfolio of investments consisting wholly or mainly of companies which are mainly based in the USA, but with the scope to invest in Canada and Latin America.

The investment strategy of the fund is to purchase units in the CF Prudential North American Qualified Investor Scheme Fund. That fund aims to achieve long-term capital growth by investing in North American securities.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

The investment strategy of the fund is to provide total long-term growth (the combination of income and growth of capital) by investing in an actively managed portfolio of investments consisting wholly or mainly of companies which are mainly based in the Asia Pacific region (excluding Japan).

The investment strategy of the fund is to produce capital growth through investment of at least 80% of the property of the Scheme in eastern markets excluding Japan. Investment will primarily be in major markets such as Australia, Hong Kong, Singapore and Thailand, but to a lesser extent this Scheme may invest in emerging markets such as The Philippines, Taiwan and South Korea.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

Prudential  decided to update the fund objectives of some Prudential funds to bring them into line with those provided by the manager of the underlying fund. 

This helps to ensure that investors have consistent wording that can be relied upon when researching and reviewing investment options. 

The fund’s strategy, Prudential risk rating and fund charges remain the same. 

What changed?

The table below shows the details of the previous and new objectives. 

Previous objective

New objective

The investment strategy of the fund is to purchase units in the M&G Property Portfolio. That portfolio aims to maximise long-term total return (the combination of income and growth of capital) through investment mainly in commercial property. The portfolio invests in a diversified portfolio of commercial property mainly in the UK, seeking to add value through strategic asset allocation, stock selection and asset management. The portfolio may also invest in other property related assets, including collective investment schemes, securities, derivatives and debt instruments, as well as government debt, money market instruments and cash.

The investment strategy of the fund is to purchase units in the M&G Property Portfolio. That fund aims to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business. In so doing, the Fund aims to maximise long term total return (the combination of income and growth of capital) through investment mainly in commercial property.

 

What current investors need to do?

You don't need to do anything. You may still see the current fund objective until we’ve finished updating our systems and literature.

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