Prudential launches two target return products

The Diversified Growth and Defensive funds aim to provide inflation-beating returns of CPI plus 4pc and 6pc respectively over the medium-term, by investing in a wide range of asset classes. The pooled parent to the new funds achieved a 10.2pc per annum annualised return between March 2005 and March 2008. Martyn Bogira, director of defined contribution solutions at Prudential, said: "Around ninety per cent of scheme members automatically go into equity tracker default funds which may not necessarily suit their individual risk profile and investment needs. We believe that investing in more ...