Prudential Annuities Offers Fund To Investment Lineup
Prudential Annuities reported a new asset allocation portfolio available with its Prudential Premier Retirement variable annuities that offer the Highest Daily Lifetime Income v3.0 benefit.
According to a media release, the addition of the AST Legg Mason Diversified Growth Portfolio brings the total number of asset allocation portfolios available to 23, and was designed to appeal to investors seeking growth with a disciplined strategy for downside risk management.
Highlights of the new portfolio include:
-85 percent equities and 15 percent fixed income
-Blends quantitative and fundamental strategies resulting in greater stability and return potential
-Risk-aware focus to help manage downside volatility while providing upside potential
-Diversified across multiple
"Our new asset allocation portfolio was designed to offer investors additional opportunities to achieve returns, while maintaining appropriate levels of risk," said
There are also changes to the AST New Discovery and AST Advanced Strategies Asset Allocation Portfolios, highlighting Prudential's commitment to managers:
-
-
Other notable changes to Prudential Annuities' single asset class portfolios, also effective today, include:
-AST Boston Partners Large-Cap Value Portfolio will replace AST Jennison Large-Cap Value Portfolio
-AST Small-Cap Growth Opportunities Portfolio will replace AST Federated Aggressive Growth Portfolio, and will be managed by
-Lazard Asset Management will replace
"Our industry continues to face growing demand from investors who seek solutions that offer income certainty in retirement," said
Prudential Annuities, a division of
More Information:
https://incomecertainty.prudential.com/
http://www.news.prudential.com/
((Comments on this story may be sent to [email protected]))
The Principal Launches Principal Pivot Series
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News