PruFund Range of Funds
There are 2 options in this range; PruFund Cautious and PruFund Growth. Both are invested in M&G plc's With-Profits Fund. Like the With-Profits fund, they aim to smooth the peaks and troughs of investment markets by using an established smoothing process:
By spreading your investment across many different areas such
as,UK equities, property, fixed interest, international equities and cash.
This aims to reduce the risk of your investment experiencing the extreme ups and downs associated with any single investment type. Our investment specialists will look for the best opportunities for growth within each investment area.
By applying a unique smoothing formula. A proportion of the money gained during
goodperformance is held back to ensure a reasonable return during poorerperformance.
The formula has two elements:
- Expected Growth Rates which apply on a day to day basis; and
- Unit price adjustments, which will be applied when the formula requires us to do so.
In addition, the Prufund Protected Cautious Fund is available with a spot guarantee option which allows you to protect the value of your investment at a particular point in time which could be linked to your retirement date:
The PruFund Protected Cautious Funds offer a
10 yearspot guarantees
Both fund ranges also benefit from the following:
You can buy funds in euro, sterling or US dollars
There's a minimum allocation rate of 100%, so all of your money goes directly into your investment. In addition, if you invest more than £75,000 we'll add 0.5% of the bond value and if you invest over £150,000, we'll give you 1.5% of the bond value
You can start your investment with £20,000, €25,000 or $35,000 and can top up from £15,000, €20,000 or $25,000
An Annual Growth Reward - which enhances the growth potential of your investment by adding an extra 0.1% of the bond value from the end of year one, where no regular or partial withdrawals are made
You can access your investment when you need to, potentially subject to charges
You can make 20 free switches in any 12-month rolling period
Note that the value of your investment can go down as well as up and you may not get back the full amount of your investment.
For more information on the PruFund Range of Funds, please see the following documents or speak to your financial adviser.
|Key Information Documents|
|Key Information Documents / Investment Option Documents|
|IPB Guide to Investing in the PruFund Range of Funds||IPBB10046|
|IPB Funds Guide||INVB5260|
|IPB Client Guide||IPBB10044|
|SIPB Funds Guide||IPBB10145|
|PruFund Range of Funds: Guarantee Options||IPBS10167|