PrudentialAnnuities recently announced the addition of two new investmentoptions.
|The company added AST BlackRock Global Strategies Portfolio andAST Wellington Management Hedged Equity Portfolio, bringing thenumber of alternative investment strategies to six and the total numberof asset allocation options to 18.
|Prudential Annuities is the first company to offer analternative investment asset allocation portfolio in a variableannuity.
|“We believe expanding our offering to include six portfoliosthat provide exposure to alternative investment strategiesstrengthens the focus we initiated in 2006, and will help tofurther enhance the daily step-up component of our industry-leadingguaranteed lifetime withdrawal benefit,” said Douglas McIntosh,vice president of Investment Management for Prudential Annuities,in a statement.
|AST BlackRock Global Strategies Portfolio delivers a flexible,broad-ranging mandate that is designed specifically for use withPrudential Annuities’ products.
|AST Wellington Management Hedged Equity Portfolio is a 100percent equity asset allocation that uses an index-option overlayin an attempt to provide downside market protection.
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