Prudential jumps on bandwagon to tap Filipino wealth
Prudential is launching its own asset management unit in the Philippines, initially selling funds managed by Eastspring Investments.
A unit of UK-headquartered Prudential will launch an asset management company in the Philippines in the fourth quarter as the insurance giant becomes the latest international firm to try and tap the country’s burgeoning wealthy population and build its local presence outside of traditional life insurance.
The firm, which will be named Pru Life UK Asset Management and Trust Corp, will initially offer unit investment trust funds (UITFs) that may include bond and equity funds, a spok…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.