Monday, July 10, 2006

 

Prudential Funds Geared To Risk Averse

The subsidiary of Prudential Financial Inc. (PRU) is currently seeking approval from state insurance commissioners for Capital Guarantee Funds, a group annuity which offers principal protection and equity exposure with a guarantee on investment gains. The funds, which offer four target maturity dates - 2010, 2015, 2020 and 2025 - are meant to shelter the nest eggs of risk-averse institutional investors from the market's volatility, Prudential says.

Prudential Funds Geared To Risk Averse
Source: CBS MarketWatch

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