Prudential looking to NURS benefits

Although the firm’s Cautious Managed Growth and Managed Defensive offerings aren’t the first products under cautious, Prudential says NURS means it can manage them in the same way it has done its Life fund, which has been around since the beginning of the 20th Century. Prudential also says the funds will be different from others in the sector because, unlike other managers, theirs view asset allocation as a separate discipline. New UCITS III regulations, specifically the creation of NURS schemes allow greater flexibility in running Unit Trusts, OEICs and ISAs. Matthew Williams, manager o...