Pru Life UK fund manager was named the largest Retail Asset Manager in Asia

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Source: The table is an extract of the Asia Asset Management Fund Manager Survey, September, 2012

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Asia Asset Management’s annual fund manager survey
Pru Life UK fund manager was named the largest Retail Asset Manager in Asia*

British life insurer Pru Life UK’s fund manager, Eastspring Investments, has been named the largest Retail Manager in Asia (ex-Japan, Australia and New Zealand) [“region”] in the annual Asia Asset Management Fund Manager Survey 2012, with US$42.5 billion of retail assets sourced in the region as of June 30, 2012.

Eastspring Investments is the asset management arm of London-based Prudential plc in Asia, managing over US$90.5 billion of assets globally. It has been managing Pru Life UK’s underlying funds for its unit-linked or investment-linked product portfolio since the company pioneered the PruLink product line in 2002 with the peso and dollar bond funds and managed funds. Pru Life UK remains the market leader in the unit-linked space, which has been credited as one of the growth drivers in the local life industry.

Asia Asset Management was established in 1995 and is the longest-running publication to comprehensively cover the Asian asset management industry. It is circulated in the Asia Pacific, North America and Europe.

"This underpins our Asia strength and is an important independent recognition of our size, strength and capabilities as we continue to grow the business," said Eastspring Investments Chief Executive Graham Mason.

“This accomplishment shows that the consumer knows who to trust. In the Philippines market, our funds have consistently performed in good and bad times, and we are backed by the top-in-class performance of our fund managers. With the expertise of Prudential and Eastspring Investments, we consistently improve and strengthen our unit-linked portfolio, and therefore Pru Life UK is likewise, in top class position. You can expect bigger and better things to come from our company in the very near future,” says Mr. Antonio de Rosas, President and CEO of Pru Life UK.

(The Asia Asset Management Fund Manager Survey 2012 ranking table is attached below).

*This annual survey ranks participating asset managers in Asia (ex-Japan, Australia and New Zealand) [“region”] based on assets sourced in the region, as of June 30, 2012. Source: Asia Asset Management Fund Manager Survey, September 2012.

Established in 1996, Pru Life UK is a subsidiary of British financial services giant Prudential plc. Pru Life UK is the pioneer and current market leader of unit-linked or investment-linked life insurance products, and is one of the first life insurance companies approved to market US dollar-denominated unit-linked policies in the country. Pru Life UK is a life insurance company and is not engaged in the business of selling pre-need plans.

Headquartered in the United Kingdom, Prudential plc has an extensive network of life insurance and mutual funds operations around the world covering Europe, the United States (US) and 13 markets in Asia. Its regional office, Prudential Corporation Asia, is based in Hong Kong. Prudential plc has 26 million customers worldwide and manages £363 billion of assets as of 30 June 2012.

Pru Life UK and Prudential plc are not affiliated with Prudential Financial, Inc. (a US-registered company), Philippine Prudential Life Insurance Company, Prudentialife Plans, Inc. or Prudential Guarantee and Assurance, Inc. (all Philippine-registered companies).

For more information: www.prulifeuk.com.ph

 

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