Prudential Annuities Enhances Investment Platform
|Copyright:||Copyright Business Wire 2011|
|Source:||Business Wire, Inc.|
Adding alternative strategies strengthens Prudential Annuities’ ‘unparalleled choice’
The first company to offer an alternative investment asset allocation portfolio in a variable annuity, Prudential Annuities today added AST BlackRock Global Strategies Portfolio and AST Wellington Management Hedged Equity Portfolio. These two additions bring the number of alternative strategies to six and the total number of asset allocation portfolios that investors can combine to diversify among asset classes, investment styles and exposure to alternative investments to 18.
“We remain focused on expanding our investment options to provide broad flexibility and unparalleled choice that can work in tandem with our guarantees, to help annuity investors increase their retirement income,” said
AST BlackRock Global Strategies Portfolio delivers a flexible, broad-ranging mandate that is designed specifically for use with Prudential Annuities’ products. "
AST Wellington Management Hedged Equity Portfolio is a 100 percent equity asset allocation that uses an index-option overlay in an attempt to provide downside market protection. “Working with Prudential Annuities’ innovative investment team, we are excited to launch a portfolio that provides investors with upside participation potential in the equity markets, as well as the potential for downside protection should we experience a significant market downturn in any one year,” said
McIntosh concluded, “Delivering new options from the world’s largest asset manager and one of the most highly respected institutional investment firms is consistent with our mandate to deliver continual innovation.”
Investors should consider the features of the contract and the underlying portfolios' investment objectives, policies, management, risks, charges and expenses carefully before investing. This and other important information is contained in the prospectus, which can be obtained from your financial professional. Please read the prospectus carefully before investing.
Variable annuities are suitable for long-term investing, particularly retirement savings. Any guarantees are subject to the claims paying ability of the issuing insurer.
Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Your licensed financial professional can provide you with complete details.
Asset allocation is a method of diversification that positions assets among major investment categories. Asset allocation can be used to manage investment risk and potentially enhance returns. However, use of asset allocation does not guarantee a profit or protect against a loss. Inclusion of a subaccount in an asset allocation model does not indicate that it is superior to a subaccount not included in a model.
Certain portfolios may use leverage, short sales, and derivatives or engage in other speculative practices within their alternative investments. These practices include a high degree of risk and may increase the risk, size, and velocity of investment losses. Although certain alternative strategies seek to reduce risk by attempting to reduce correlation with equity and bond markets, no guarantee can be given that such efforts will be successful. The fees and expenses associated with alternative investments are generally higher than those for traditional investments.
Variable annuities are issued by
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Prudential Annuities, a division of