Prudential Global Equity S3

Essentials Portfolio Analysis Background Data Prudential Risk Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to latest available quarter end

31/12/18
to
31/12/19
31/12/19
to
31/12/20
31/12/20
to
31/12/21
31/12/21
to
31/12/22
31/12/22
to
31/12/23
Fund 17.7% -1.2% 15.9% -4.1% 8.7%
Benchmark 19.2% -0.6% 15.3% -2.3% 9.0%

Performance - to latest available quarter end

Quarter Annualised
4
2023
3 Years to
31/12/23
5 Years to
31/12/23
10 Years to
31/12/23
Fund 3.6% 6.5% 7.0% 6.4%
Benchmark 4.1% 7.1% 7.8% 6.6%

Top 10 Holdings

Stock % Weight
ASTRAZENECA 3.46
HSBC HOLDINGS 3.37
UNILEVER 2.40
BP 2.15
SHELL 2.14
GSK 1.94
DIAGEO 1.58
TAIWAN SEMICONDUCTOR MANUFACTURING CO. 1.09
LONDON STOCK EXCHANGE GROUP 1.08
RIO TINTO 1.02
Total 20.22

Fund Aims

Objective: The investment strategy of the fund is to purchase units in the M&G PP Global Equity Fund - the underlying fund.

Underlying Fund Objective: The fund provides an all-equity approach to investment, holding a 60% UK equity and 40% mix of overseas company shares. For the overseas shares the fund is actively managed against an internal composite benchmark asset allocation set by the M&G Treasury & Investment Office (T&IO). It is a “fund of funds” where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value.

Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.

Fund Manager

M&G Treasury & Investment Office manager of the underlying fund for 31 years and 9 months

Photo of M&G Treasury & Investment Office With access to investment professionals around the world and assets under management of £178bn, the M&G Treasury & Investment Office (T&IO) has a broad and well-resourced investment capability. T&IO set the strategic asset allocation and undertakes the ‘manager of managers’ role for our insured funds. Over the years they have built a thorough and effective governance framework, which includes the setting and monitoring of investment mandates, regular performance and activity health checks and independent analysis of investment, credit and liquidity risks.

Fund Overview

Daily price (25/03/2024) 445.10
Fund size (29/02/2024) £67.68m
Underlying Fund size £114.48m
Number of holdings 3059
Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan
Launch date 06/04/2001

Asset Allocation

pie chart
  UK Equities 50.27%
  International Equities 35.28%
  Cash and Equivalents 10.82%
  Property 1.54%
  Investment Trusts 0.69%
  Money Market 0.12%
  International Bonds 0.05%
  Alternative Trading Strategies 0.00%
  Other Assets 1.24%

Commentary

Performance as at Q4 2023 - It was a positive fourth quarter for most financial assets, with investor sentiment supported by the easing of inflationary pressures, optimism about forthcoming rate cuts by central banks and a potential economic ‘soft landing’. After an initial period of weakness, the year ended with a powerful two-month rally in equity markets. The fund gained in the quarter and was behind the benchmark and comparator. Europe and the US were among the strongest performers, while all main markets registered gains, all in sterling All statistics from M&G internal sources as at 31.12.23, unless indicated otherwise. terms. The European Central Bank kept interest rates on hold during the quarter and investors became more optimistic about interest rate cuts in 2024. Similarly, US equities were supported by increased speculation that the US Federal Reserve had ended its interest rate hiking cycle as inflation continues to fall. Pacific and emerging markets were held back by the weak performance of China and Hong Kong. Interest rates in Japan are very low but the Japanese stockmarket rallied on the back of hopes that rates in other major economies had peaked and would begin falling in 2024. The UK was one of the weaker regions globally, as concerns about the subdued economy weighed on sentiment. Stockpicking in the US was beneficial, while selection in the UK detracted. So too did stockpicks in Pacific markets, Europe, Japan and emerging markets, although to a lesser extent. As inflation continues to ease, alongside the positive fundamentals of the US economy and the potential for a beneficial ‘spillover’ impact on the global economy, we retain a moderately above-benchmark (overweight) position in equities. As part of the long-term strategic asset allocation review, we implemented a small update to the portfolio, reducing our exposure to UK equities, with the proceeds being recycled into the other international regions. In a tactical move, we switched some of our overweight equity position by adding to European equities, with slight reductions in US, China, Japan, Asia and emerging markets. Thus we diversified our existing overweight, but kept general risk levels in the portfolio unchanged. While central banks continue to keep monetary policy tight enough to drive inflation back towards the 2% target, there is growing evidence of a continued softening in the pace of price rises. This has led investors to focus on the potential for central banks to ease policy rates to prevent further restriction to the economy and prospects for a global economic ‘soft landing’. Recent price moves suggest equities and bonds are priced for this ‘goldilocks’ outcome, although evidence increasingly suggests that higher borrowing costs are slowing economic activity.

Source: M&G

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.

This factsheet is intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  UK Equities 50.27%
  International Equities 35.28%
  Cash and Equivalents 10.82%
  Property 1.54%
  Investment Trusts 0.69%
  Money Market 0.12%
  International Bonds 0.05%
  Alternative Trading Strategies 0.00%
  Other Assets 1.24%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Financials 19.65% - - -
 
Banks - 9.43% - -
 
Banks - - 9.43% -
 
Banks - - - 9.43%
 
Financial Services - 6.16% - -
 
Investment Banking & Brokerage Services - - 4.04% -
 
Asset Managers & Custodians - - - 2.65%
 
Investment Services - - - 1.07%
 
Diversified Financial Services - - - 0.32%
 
Finance & Credit Services - - 1.42% -
 
Financial Data & Systems - - - 1.24%
 
Mortgage Finance - - - 0.14%
 
Consumer Lending - - - 0.04%
 
Equity Investment Instruments - - 0.69% -
 
Equity Investment Instruments - - - 0.69%
 
Nonequity Investment Instruments - - 0.01% -
 
Nonequity Investment Instruments - - - 0.01%
 
Insurance - 4.05% - -
 
Life Insurance - - 2.60% -
 
Life Insurance - - - 2.60%
 
Non-life Insurance - - 1.45% -
 
Property & Casualty Insurance - - - 0.91%
 
Full Line Insurance - - - 0.41%
 
Reinsurance - - - 0.12%
 
Insurance Brokers - - - 0.02%
 
Industrials 12.51% - - -
 
Industrial Goods & Services - 11.24% - -
 
Industrial Support Services - - 3.20% -
 
Professional Business Support Services - - - 1.71%
 
Business Training & Employment Agencies - - - 0.50%
 
Transaction Processing Services - - - 0.48%
 
Industrial Suppliers - - - 0.46%
 
Security Services - - - 0.04%
 
Forms & Bulk Printing Services - - - 0.01%
 
General Industrials - - 2.08% -
 
Diversified Industrials - - - 1.18%
 
Containers & Packaging - - - 0.78%
 
Plastics - - - 0.10%
 
Glass - - - 0.02%
 
Paints & Coatings - - - 0.00%
 
Industrial Transportation - - 2.04% -
 
Marine Transportation - - - 0.63%
 
Transportation Services - - - 0.46%
 
Commercial Vehicle-Equipment Leasing - - - 0.32%
 
Delivery Services - - - 0.28%
 
Railroads - - - 0.27%
 
Railroad Equipment - - - 0.04%
 
Commercial Vehicles & Parts - - - 0.02%
 
Trucking - - - 0.02%
 
Industrial Engineering - - 1.55% -
 
Machinery: Industrial - - - 0.59%
 
Machinery: Construction & Handling - - - 0.46%
 
Machinery: Engines - - - 0.20%
 
Machinery: Tools - - - 0.17%
 
Machinery: Specialty - - - 0.11%
 
Machinery: Agricultural - - - 0.01%
 
Aerospace & Defence - - 1.21% -
 
Defense - - - 0.67%
 
Aerospace - - - 0.54%
 
Electronic & Electrical Equipment - - 1.15% -
 
Electrical Components - - - 0.70%
 
Electronic Equipment: Control & Filter - - - 0.22%
 
Electronic Equipment: Gauges & Meters - - - 0.17%
 
Electronic Equipment: Pollution Control - - - 0.06%
 
Construction & Materials - 1.28% - -
 
Construction & Materials - - 1.28% -
 
Construction - - - 0.45%
 
Building, Roofing/Wallboard & Plumbing - - - 0.22%
 
Engineering & Contracting Services - - - 0.22%
 
Building Materials: Other - - - 0.17%
 
Building: Climate Control - - - 0.13%
 
Cement - - - 0.09%
 
Consumer Discretionary 11.25% - - -
 
Consumer Products & Services - 2.55% - -
 
Consumer Services - - 0.95% -
 
Vending & Catering Service - - - 0.78%
 
Consumer Services: Misc. - - - 0.08%
 
Rental & Leasing Services: Consumer - - - 0.08%
 
Education Services - - - 0.00%
 
Leisure Goods - - 0.62% -
 
Toys - - - 0.24%
 
Consumer Electronics - - - 0.22%
 
Electronic Entertainment - - - 0.05%
 
Photography - - - 0.05%
 
Recreational Vehicles & Boats - - - 0.04%
 
Recreational Products - - - 0.02%
 
Household Goods & Home Construction - - 0.61% -
 
Home Construction - - - 0.56%
 
Household Appliance - - - 0.03%
 
Household Furnishings - - - 0.01%
 
Household Equipment & Products - - - 0.00%
 
Personal Goods - - 0.37% -
 
Clothing & Accessories - - - 0.21%
 
Cosmetics - - - 0.07%
 
Footwear - - - 0.05%
 
Luxury Items - - - 0.04%
 
Media - 2.51% - -
 
Media - - 2.51% -
 
Publishing - - - 1.41%
 
Media Agencies - - - 0.71%
 
Radio & TV Broadcasters - - - 0.27%
 
Entertainment - - - 0.12%
 
Retail - 2.42% - -
 
Retailers - - 2.42% -
 
Diversified Retailers - - - 1.39%
 
Home Improvement Retailers - - - 0.52%
 
Specialty Retailers - - - 0.30%
 
Apparel Retailers - - - 0.22%
 
Travel & Leisure - 2.05% - -
 
Travel & Leisure - - 2.05% -
 
Hotels & Motels - - - 0.54%
 
Casinos & Gambling - - - 0.46%
 
Restaurants & Bars - - - 0.38%
 
Recreational Services - - - 0.32%
 
Travel & Tourism - - - 0.21%
 
Airlines - - - 0.14%
 
Automobiles & Parts - 1.73% - -
 
Automobiles & Parts - - 1.73% -
 
Automobiles - - - 1.35%
 
Auto Parts - - - 0.38%
 
Tires - - - 0.00%
 
Cash and Equivalents 10.82% - - -
 
Health Care 8.56% - - -
 
Health Care - 8.56% - -
 
Pharmaceuticals & Biotechnology - - 7.68% -
 
Pharmaceuticals - - - 7.05%
 
Biotechnology - - - 0.64%
 
Medical Equipment & Services - - 0.69% -
 
Medical Equipment - - - 0.55%
 
Medical Supplies - - - 0.14%
 
Medical Services - - - 0.00%
 
Health Care Providers - - 0.18% -
 
Health Care Management Services - - - 0.18%
 
Health Care Services - - - 0.00%
 
Health Care Facilities - - - 0.00%
 
Technology 8.33% - - -
 
Technology - 8.33% - -
 
Software & Computer Services - - 4.27% -
 
Software - - - 1.92%
 
Consumer Digital Services - - - 1.78%
 
Computer Services - - - 0.57%
 
Technology Hardware & Equipment - - 4.06% -
 
Semiconductors - - - 2.60%
 
Computer Hardware - - - 0.72%
 
Production Technology Equipment - - - 0.43%
 
Electronic Components - - - 0.28%
 
Electronic Office Equipment - - - 0.03%
 
Consumer Staples 8.19% - - -
 
Personal Care, Drug & Grocery Stores - 4.32% - -
 
Personal Care, Drug & Grocery Stores - - 4.32% -
 
Personal Products - - - 2.52%
 
Nondurable Household Products - - - 0.91%
 
Food Retailers & Wholesalers - - - 0.83%
 
Drug Retailers - - - 0.07%
 
Food, Beverage & Tobacco - 3.87% - -
 
Beverages - - 2.53% -
 
Distillers & Vintners - - - 1.64%
 
Soft Drinks - - - 0.76%
 
Brewers - - - 0.12%
 
Food Producers - - 1.18% -
 
Food Products - - - 1.15%
 
Farming, Fishing, Ranching & Plantations - - - 0.03%
 
Fruit & Grain Processing - - - 0.00%
 
Tobacco - - 0.16% -
 
Tobacco - - - 0.16%
 
Energy 6.18% - - -
 
Energy - 6.18% - -
 
Non-Renewable Energy - - 5.86% -
 
Integrated Oil & Gas - - - 4.61%
 
Oil: Crude Producers - - - 0.78%
 
Oil Refining and Marketing - - - 0.25%
 
Oil Equipment & Services - - - 0.12%
 
Pipelines - - - 0.11%
 
Coal - - - 0.00%
 
Renewable Energy - - 0.32% -
 
Alternative Fuels - - - 0.29%
 
Renewable Energy Equipment - - - 0.04%
 
Basic Materials 4.39% - - -
 
Basic Resources - 3.22% - -
 
Industrial Metals & Mining - - 3.01% -
 
General Mining - - - 2.38%
 
Copper - - - 0.31%
 
Iron & Steel - - - 0.17%
 
Metal Fabricating - - - 0.08%
 
Nonferrous Metals - - - 0.05%
 
Aluminum - - - 0.01%
 
Precious Metals & Mining - - 0.15% -
 
Gold Mining - - - 0.14%
 
Platinum & Precious Metals - - - 0.01%
 
Diamonds & Gemstones - - - 0.00%
 
Industrial Materials - - 0.05% -
 
Diversified Materials - - - 0.03%
 
Paper - - - 0.02%
 
Forestry - - - 0.01%
 
Textile Products - - - 0.00%
 
Chemicals - 1.17% - -
 
Chemicals - - 1.17% -
 
Chemicals: Diversified - - - 0.77%
 
Specialty Chemicals - - - 0.35%
 
Chemicals & Synthetic Fibers - - - 0.03%
 
Fertilizers - - - 0.03%
 
Telecommunications 2.84% - - -
 
Telecommunications - 2.84% - -
 
Telecommunications Service Providers - - 1.49% -
 
Telecommunications Services - - - 1.48%
 
Cable Television Services - - - 0.01%
 
Telecommunications Equipment - - 1.35% -
 
Telecommunications Equipment - - - 1.35%
 
Utilities 2.75% - - -
 
Utilities - 2.75% - -
 
Gas, Water & Multi-utilities - - 1.63% -
 
Multi-Utilities - - - 1.34%
 
Water - - - 0.29%
 
Gas Distribution - - - 0.00%
 
Electricity - - 1.06% -
 
Conventional Electricity - - - 0.94%
 
Alternative Electricity - - - 0.13%
 
Waste & Disposal Services - - 0.06% -
 
Waste & Disposal Services - - - 0.06%
 
Real Estate 2.73% - - -
 
Real Estate - 2.73% - -
 
Real Estate Investment Trusts - - 1.81% -
 
Industrial REITs - - - 0.55%
 
Diversified REITs - - - 0.39%
 
Retail REITs - - - 0.25%
 
Residential REITs - - - 0.22%
 
Office REITs - - - 0.20%
 
Storage REITs - - - 0.06%
 
Timber REITs - - - 0.04%
 
Other Specialty REITs - - - 0.04%
 
Health Care REITs - - - 0.04%
 
Hotel & Lodging REITs - - - 0.01%
 
Real Estate Investment & Services - - 0.92% -
 
Real Estate Holding and Development - - - 0.58%
 
Real Estate Services - - - 0.34%
 
Non-Classified 1.74% - - -
 
Non-Classified - 0.16% - -
 
Non-Classified - - 0.16% -
 
Non-Classified - - - 0.16%
 
Bonds 0.05% - - -
 
Alternative Trading Strategies 0.00% - - -
 
Alternative Trading Strategies - 0.00% - -
 
Alternative Trading Strategies - - 0.00% -
 
Alternative Trading Strategies - - - 0.00%

Regional Allocation

pie chart
  UK 50.29%
  North America 11.56%
  Cash and Equivalents 10.94%
  Emerging Asia 7.85%
  Developed Europe - Excl UK 5.15%
  Japan 4.83%
  Developed Asia 3.24%
  Non-Classified 2.26%
  Property 1.49%
  Other Regions 2.39%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 89.13%
  Cash 10.82%
  US Dollar 0.02%
  Euro 0.02%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 50.29% -
 
United Kingdom - 50.32%
 
Jersey - 0.00%
 
North America 11.56% -
 
United States - 10.10%
 
Canada - 1.46%
 
Cash and Equivalents 10.94% -
 
Emerging Asia 7.85% -
 
South Korea - 2.77%
 
China - 1.60%
 
Taiwan - 1.47%
 
India - 0.87%
 
Indonesia - 0.58%
 
Thailand - 0.31%
 
Philippines - 0.13%
 
Malaysia - 0.10%
 
Pakistan - 0.03%
 
Developed Europe - Excl UK 5.15% -
 
Ireland - 1.21%
 
Switzerland - 0.76%
 
France - 0.75%
 
Germany - 0.70%
 
Netherlands - 0.44%
 
Sweden - 0.31%
 
Denmark - 0.27%
 
Spain - 0.27%
 
Italy - 0.15%
 
Belgium - 0.13%
 
Finland - 0.08%
 
Norway - 0.05%
 
Portugal - 0.02%
 
Austria - 0.01%
 
Luxembourg - 0.00%
 
Japan 4.83% -
 
Japan - 4.83%
 
Developed Asia 3.24% -
 
Hong Kong - 2.33%
 
Singapore - 0.92%
 
Non-Classified 2.26% -
 
Property 1.49% -
 
Australia & New Zealand 1.47% -
 
Australia - 1.45%
 
New Caledonia - 0.03%
 
South & Central America 0.55% -
 
Brazil - 0.40%
 
Mexico - 0.08%
 
Colombia - 0.05%
 
Chile - 0.02%
 
Cayman Islands - 0.00%
 
Peru - 0.00%
 
Middle East & Africa 0.27% -
 
South Africa - 0.18%
 
Israel - 0.05%
 
Egypt - 0.04%
 
United Arab Emirates - 0.00%
 
Saudi Arabia - 0.00%
 
Qatar - 0.00%
 
Kuwait - 0.00%
 
Emerging Europe 0.09% -
 
Romania - 0.04%
 
Turkey - 0.02%
 
Poland - 0.01%
 
Greece - 0.01%
 
Hungary - 0.01%
 
Czech Republic - 0.00%
 
Russian Federation - 0.00%

Breakdown By Market Cap (%)

Mega
 
 
44.69%
Large
 
 
16.71%
Medium
 
 
12.16%
Small
 
 
6.01%
Micro
 
 
1.54%
Non-Classified
 
 
8.03%
Bonds
 
 
0.05%
Cash
 
 
10.82%

Top 10 Holdings

Stock % Weight Sector Country
1 ASTRAZENECA 3.46% Pharmaceuticals & Biotechnology United Kingdom
2 HSBC HOLDINGS 3.37% Banks United Kingdom
3 UNILEVER 2.40% Personal Care, Drug & Grocery Stores United Kingdom
4 BP 2.15% Non-Renewable Energy United Kingdom
5 SHELL 2.14% Non-Renewable Energy United Kingdom
6 GSK 1.94% Pharmaceuticals & Biotechnology United Kingdom
7 DIAGEO 1.58% Beverages United Kingdom
8 TAIWAN SEMICONDUCTOR MANUFACTURING CO. 1.09% Technology Hardware & Equipment Taiwan
9 LONDON STOCK EXCHANGE GROUP 1.08% Finance & Credit Services United Kingdom
10 RIO TINTO 1.02% Industrial Metals & Mining United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 1.71% 6.62% - - - - - - 8.33%
Telecommunications 0.64% 2.19% - 0.02% - - - - 2.86%
Financials 11.77% 7.20% - 0.01% - - 0.69% - 19.66%
Real Estate 0.48% 0.79% - - - 1.46% - - 2.73%
Consumer Discretionary 6.15% 5.10% - 0.02% - - - - 11.28%
Consumer Staples 6.71% 1.48% - - - - - - 8.19%
Energy 4.89% 1.29% - - - - - - 6.18%
Utilities 1.91% 0.84% - - - - - - 2.75%
Health Care 6.04% 2.52% - - - - - - 8.56%
Industrials 7.19% 5.33% - - - - - - 12.51%
Basic Materials 2.67% 1.73% - - - - - - 4.39%
Cash and Equivalents - - - - - - - 10.82% 10.82%
Non-Classified 0.11% 0.19% - - - 0.08% 1.36% - 1.74%

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Identification Codes

Sedol Code 3168596
Mex Code PUGLE
Isin Code GB0031685968
Citi Code P273

Fund Charges

Annual Management Charge (AMC) Please refer to the "Fund Guide"
for your specific pension plan

Aims and Benchmark

Aims Objective: The investment strategy of the fund is to purchase units in the M&G PP Global Equity Fund - the underlying fund. Underlying Fund Objective: The fund provides an all-equity approach to investment, holding a 60% UK equity and 40% mix of overseas company shares. For the overseas shares the fund is actively managed against an internal composite benchmark asset allocation set by the M&G Treasury & Investment Office (T&IO). It is a “fund of funds” where both active stock selection, within the underlying sector funds, and asset allocation decisions are used to add value. Performance Objective: To outperform the internal composite benchmark by 1.0% a year (before charges) on a rolling three year basis.
Benchmark Internal composite benchmark, asset allocation set by the M&G Treasury & Investment Office (T&IO).
ABI Sector Global Equities

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Charges and further costs may vary in the future and may be higher than they are now.

This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

These risk ratings have been developed by Prudential to help provide an indication of a fund’s potential level of risk and reward based on the type of assets which may be held by the fund. Other companies may use different descriptions and as such these risk ratings should not be considered as generic across the fund management industry.

We regularly review our fund risk ratings, so they may change in the future. If, in our view, there is a material change in the fund's level of risk, for example due to a significant change to the assets held by the fund or in the way the fund is managed, we will provide information on the new risk rating. We recommend that you make sure you understand the risk rating of any fund before you invest.

You should also consider discussing your decision and the appropriateness of a fund's risk rating with an adviser.

  • Higher Risk
  • Medium to Higher Risk
  • Medium Risk
  • Lower to Medium Risk
  • Lower Risk
  • Minimal Risk

Medium to Higher Risk

These funds offer a diverse geographical spread of equity investment or have multi-asset strategies with a specialist focus (e.g. ethical). The equity funds within this category will have greater overseas exposure and underlying volatility than the "medium" sector.

Help

Important Information

This factsheet is intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.

Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).

Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with gross income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.

This factsheet is intended for the trustees, sponsors, advisers and members of occupational pension schemes using Prudential group pension contracts and Prudential grouped personal pensions and Stakeholder pension contracts. Its purpose is to provide an insight into how investment markets and funds have performed over the period and is provided for information only. If you are not familiar with any of the investment terminology included, then please contact an adviser. Investors should refer to their scheme documentation (e.g. Fund Guide) for fund availability, investment strategy, any scheme information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Prudential is a trading name of Prudential Pensions Limited. Prudential Pensions Limited is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 992726. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.