Prudential Asia plans global emerging fund launch

Guardian Unlimited
14th Jan 2008

HONG KONG, Jan 14 (Reuters) - Prudential Plc plans to launch a global emerging markets fund in the second half which it hopes will raise more than $1 billion in its first 18 months, a senior executive with the UK insurer's Asia fund arm said on Monday.

The insurer is in the process of building a Singapore-based global emerging markets team to run the fund, which it initially expects to sell in Asia, said Guy Strapp... Full story