M&G Wealth, M&G's UK wealth management arm, has revealed that its PruFund Planet range of ‘smoothed’ multi-asset funds is set to become available as an investment choice on its own platform.
PruFund, an advised-only multi-asset fund, employs a process specifically designed to smooth extreme short-term stock market volatility by setting Expected Growth Rates (EGRs) for each PruFund fund. The five PruFund Planet funds, each with their own risk profile, seek to pursue opportunities and invest in high-impact solutions to the world's environmental, social and governance (ESG) challenges, according to M&G. The company highlighted that the funds aim to achieve a total return from income and capital over the medium to long-term, providing investors with attractive returns while c...
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