Pru enters retail multi-asset space

latest cautious managed offerings from prudential run by team behind multi-billion life portfolio

Prudential has launched two cautious managed vehicles into the retail market, run by the team behind its £85bn of with-profits assets. Managed Defensive and Cautious Managed Growth are both headed up by Matthew Williams, part of Prudential's portfolio management group. Managed Defensive is the lower-risk of the two products, with a focus on capital preservation and a maximum 35% position in equities. With a bias towards income, the aim is to beat cash over a time horizon of three to five years. Meanwhile, Cautious Managed Growth has a maximum 60% position in equities and aims to beat inf...