Prudential refreshes investment fund range

21 January 2019

  • PruFolio fund range will consist of 14 refreshed funds with a new PruFund launched for investors with higher risk appetite
  • Investment objectives will include a volatility ceiling for each fund to define risk levels

Prudential is refreshing and extending its range of investment funds to help financial advisers better match investments to their customers’ risk profile.

The new PruFolio Risk Managed fund range will launch on 21st January 2019 and is designed to appeal to customers who want diversified funds that offer the prospect of better long-term returns than provided by cash accounts.

PruFolio consists of five passive, five active and five smoothed funds and includes a new fund – Risk Managed PruFund 5 (see note to editors*). Charges for OEIC versions of the funds will be reduced by up to 100 basis points, and investment objectives will switch from specifying a maximum equity content to introducing a volatility ceiling giving fund managers more flexibility in how they manage their funds.

OEIC versions of the funds will be available on major platforms, while PruFund will be available on Prudential’s pension, ISA and bond products. The investment objectives and fund names of the Dynamic Portfolio funds, Dynamic Focused Portfolio funds and Risk Managed PruFund Funds will also change. (**See notes to editors).

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