M&G has unveiled the PruFund Planet range of funds on its international portfolio bond.
The firm said that the products are the “UK’s first” range of risk-rated, actively-managed, multi-asset funds, which aim to generate competitive returns and positive environmental and social outcomes at the same time.
The PruFund Planet range will be available via M&G’s retirement account and international portfolio bond products, with Isas and other bond versions to be made available next year.
Michael Leahy, managing director of Prudential International Assurance, said: “Extending the availability of PruFund Planet to the international portfolio bond gives advisers and their clients yet another way to access the people and planet-focused version of our market-leading smoothed investment solution.
“Crucially, it combines the tax benefits and planning opportunities offered by an offshore bond with the real and growing need for advisers whose clients, particularly in retirement, are increasingly looking for a smoothed investment journey, while seeking to make a positive difference to the planet.”
The range first launched in July 2021 and comprises of five funds, PruFund Planet 1 to 5, which seek to manage risk, pursue opportunities and invest in “high-impact solutions” to the world’s most pressing ESG challenges, the firm added.
