MutualFundWire.com: Pru Introduces Target Funds
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, September 30, 1999

Pru Introduces Target Funds


Prudential Investments has offered its Target wrap fee program to high-net-worth individuals since 1993, and now it also offers six new mutual funds to its retail clients based on those wrap portfolios -- the Target Funds. Each is advised by an asset management firm typically associated with institutional money management.

Related Links
  • Prudential Investments
    • Stories From MFWire.com
  • Prudential Names Key Managers
  • Pru Inks New Distribution Agreements
  • Pru DC Head to Step Aside
    • The six Target Funds are in a subscription period that began on September 22, 1999, and ends on October 29, 1999. Prudential says that it is the first financial services company manager to offer these types of funds to investors outside of a wrap fee program.

    The new funds and managers are:
    • The Large Capitalization Growth Fund, advised by Columbus Circle Investors and Oak Associates.
    • The Large Capitalization Value Fund advised by Invesco Capital Management and Hotchkis and Wiley.
    • The Small Capitalization Growth Fund advised by Sawgrass Asset Management and Fleming Asset Management USA.
    • The Small Capitalization Value Fund advised by Lazard Asset Management and Wood, Struthers & Winthrop.
    • The International Equity Fund advised by Lazard Asset Management.
    • The Total Return Bond Fund advised by PIMCO.


      Printed from: MFWire.com/story.asp?s=24626

      Copyright 1999, InvestmentWires, Inc.
      All Rights Reserved