Pru launches risk-managed portfolios for with-profits fund

Prudential has launched four risk managed portfolios for investors in its £66bn with-profits fund as it moves to attract advisers and clients post-RDR.

The group has launched four portfolios with varying degrees of exposure to real assets which will sit alongside the existing PruFund Cautious and PruFund Growth portfolios within the multi-billion pound PruFund. The funds consist of the PruFund 0-30, which will have between 0 and 30% in real assets such as equities and property, as well as the PruFund 10-40, PruFund 20-55, and the PruFund 40-80 which all have higher exposure to risk assets. Equity exposure will be spread geographically across the world, with as much as 18% in the UK in the highest risk fund at launch, and similar weig...