Prudential Investments introduced the availability of the
Strategic Partners Focused Growth Fund, which concentrates its investment portfolio in 40 stocks believed to offer long-term growth of capital for investors.
The fund is co-managed by
Spiros Segalas and
Kathleen McCarragher of
Jennison Associates and
Alfred Harrison of
Alliance Capital Management.
The fund will seek long-term growth of capital by identifying companies the advisors believe most likely to outperform the broad market, and by concentrating investments within this universe. Jennison and Alliance will each advise a portfolio segment of approximately 20 securities. The managers intend to keep the fund fully invested under normal market conditions.
"The Strategic Partners Family of Funds will ultimately include offerings in most key categories of investors' portfolios - each combining top fund managers hand-picked from throughout the industry with special expertise in a given style," said
David Odenath, president of Prudential Investments.
The Strategic Partners Focused Growth Fund can be purchased from financial advisors at Prudential Securities, the representatives of Pruco Securities, and financial professionals working with Alliance Capital Management and the Prudential Investments Advisory Group.
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