Prudential Prufund Growth Fund Series E
Discussion
Hi Guys,
I have a pension pot I need to do something with. My IFA is advising the above, the Prudential Prufund Growth Fund Series E.
I'm not proficient in the world of investing, and I'm rather averse to risk. My IFA is advising me that he considers this to be the best product for me.
Can anyone tell me anything about it? While Pru funds seem to have a reasonable track record, this particular one only seems to go back to 2018, and given the turmoil in the world since then I'm finding it hard to decide if it's the one for me.
Very grateful for any advice guys, thanks. (and go easy on me
)
I have a pension pot I need to do something with. My IFA is advising the above, the Prudential Prufund Growth Fund Series E.
I'm not proficient in the world of investing, and I'm rather averse to risk. My IFA is advising me that he considers this to be the best product for me.
Can anyone tell me anything about it? While Pru funds seem to have a reasonable track record, this particular one only seems to go back to 2018, and given the turmoil in the world since then I'm finding it hard to decide if it's the one for me.
Very grateful for any advice guys, thanks. (and go easy on me
)simon800 said:
Hate to be that guy, but can’t your IFA who has recommended it tell you anything about it? It’s what you’re paying him for!
Yes, and he has, but I find it impossible to trust these buggers, and I'm not knowledgeable enough to judge what he's telling me.I am the veritable numpty trying to buy a car without the knowledge.
I
Fair enough, as the poster above said I'd do some reading up to understand what it is so you know where your money is going (and what the potential risks are).
It's a very diverse fund, across regions and asset classes - it has a bit of everything;
1.04% on charges is pretty high, especially once you add whatever your IFA is taking too....
Low volatility (due to their "smoothing" they use), low to average returns (5% p/annum over 5 years compared to 8% from global equities over the same time)
Whether it's a good investment for you is very personal;
If you are 30, contributing monthly to a pot you won't need for another 20-30 years and have a high risk appetite I don't know why you'd choose it.
If you are 60, have a massive pot and want something with low volatility and are happy to accept lower returns as a result then it's more logical.
It's a very diverse fund, across regions and asset classes - it has a bit of everything;
1.04% on charges is pretty high, especially once you add whatever your IFA is taking too....
Low volatility (due to their "smoothing" they use), low to average returns (5% p/annum over 5 years compared to 8% from global equities over the same time)
Whether it's a good investment for you is very personal;
If you are 30, contributing monthly to a pot you won't need for another 20-30 years and have a high risk appetite I don't know why you'd choose it.
If you are 60, have a massive pot and want something with low volatility and are happy to accept lower returns as a result then it's more logical.
simon800 said:
Fair enough, as the poster above said I'd do some reading up to understand what it is so you know where your money is going (and what the potential risks are).
It's a very diverse fund, across regions and asset classes - it has a bit of everything;
1.04% on charges is pretty high, especially once you add whatever your IFA is taking too....
Low volatility (due to their "smoothing" they use), low to average returns (5% p/annum over 5 years compared to 8% from global equities over the same time)
Whether it's a good investment for you is very personal;
If you are 30, contributing monthly to a pot you won't need for another 20-30 years and have a high risk appetite I don't know why you'd choose it.
If you are 60, have a massive pot and want something with low volatility and are happy to accept lower returns as a result then it's more logical.
Many thanks. I'm 64, have an average pot and want something with low volatility and am happy to accept lower returns as opposed to a higher risk, I'd say. It's a very diverse fund, across regions and asset classes - it has a bit of everything;
1.04% on charges is pretty high, especially once you add whatever your IFA is taking too....
Low volatility (due to their "smoothing" they use), low to average returns (5% p/annum over 5 years compared to 8% from global equities over the same time)
Whether it's a good investment for you is very personal;
If you are 30, contributing monthly to a pot you won't need for another 20-30 years and have a high risk appetite I don't know why you'd choose it.
If you are 60, have a massive pot and want something with low volatility and are happy to accept lower returns as a result then it's more logical.
I need to go back and check the charges though, for some reason I thought they were lower than that.
simon800 said:
Fair enough, as the poster above said I'd do some reading up to understand what it is so you know where your money is going (and what the potential risks are).
It's a very diverse fund, across regions and asset classes - it has a bit of everything;
1.04% on charges is pretty high, especially once you add whatever your IFA is taking too....
Low volatility (due to their "smoothing" they use), low to average returns (5% p/annum over 5 years compared to 8% from global equities over the same time)
Whether it's a good investment for you is very personal;
If you are 30, contributing monthly to a pot you won't need for another 20-30 years and have a high risk appetite I don't know why you'd choose it.
If you are 60, have a massive pot and want something with low volatility and are happy to accept lower returns as a result then it's more logical.
Many thanks. I'm 64, have an average pot and want something with low volatility and am happy to accept lower returns as opposed to a higher risk, I'd say. It's a very diverse fund, across regions and asset classes - it has a bit of everything;
1.04% on charges is pretty high, especially once you add whatever your IFA is taking too....
Low volatility (due to their "smoothing" they use), low to average returns (5% p/annum over 5 years compared to 8% from global equities over the same time)
Whether it's a good investment for you is very personal;
If you are 30, contributing monthly to a pot you won't need for another 20-30 years and have a high risk appetite I don't know why you'd choose it.
If you are 60, have a massive pot and want something with low volatility and are happy to accept lower returns as a result then it's more logical.
I need to go back and check the charges though, for some reason I thought they were lower than that.
heebeegeetee said:
Many thanks. I'm 64, have an average pot and want something with low volatility and am happy to accept lower returns as opposed to a higher risk, I'd say.
I need to go back and check the charges though, for some reason I thought they were lower than that.
You might find this link handy;I need to go back and check the charges though, for some reason I thought they were lower than that.
https://www.mandg.com/dam/pru/shared/documents/en/...
Quite a bit of good info on their around process, returns, how they invest etc etc.
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