Prudential Investments has unveiled a new Prudential Income Builder Fund that offers investors the potential for income and long-term capital growth by investing primarily in income-focused equity, fixed income and non-traditional investments.
In addition, the fund will also invest in stocks, bonds, and non-traditional sources including master limited partnerships, global real estate and infrastructure.
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The fund aims to reduce the impact of rising rates and could potentially provide sources of higher income while helping to reduce risk.
The fund’s allocations will be managed by QMA, an asset management business of Prudential Financial, which tactically adjusts the fund’s assets between the equity and fixed income market segments, as well as among other sub-classes.
Stuart Parker, president of Prudential Investments, said: "This fund offers a diversified approach to income that can adapt to changing market conditions. It is designed to take advantage of the income-generating capabilities of our asset managers and offers the flexibility investors are looking for to help address their long-term income needs."
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