Prudential to launch cautious fund

The portfolio has secured FSA approval and will sit in the IMA Cautious Managed sector. Darragh Leeson, head of intermediary public relations for Prudential UK & Europe, said the company already has a good track record in running its £80bn multi-asset with-profit life fund. Leeson said although there has been a range of multi-asset funds launched this year, it appears advisers are beginning to question whether some providers can genuinely run multi-asset portfolios, rather than just global managed funds. He said: “Your average investor is looking for something that is relatively ...