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Please see below the monthly update for July, which was published by Prudential yesterday for their PruFund Series E funds only, which details no Unit Price Adjustments (UPA) will be applied:

There are no Unit Price Adjustments (UPAs) for the Series E PruFund range of funds at this month’s PruFund Investment Date.

On the monthly PruFund Investment Date, a UPA is applied if the unsmoothed price is:

  • 4%, or more, higher than the smoothed price, for our PruFund Cautious, PruFund Risk Managed 1 or PruFund Risk Managed 2 funds, or
  • 5%, or more, higher than the smoothed price for our PruFund Growth, PruFund Risk Managed 3, PruFund Risk Managed 4 of PruFund Risk Managed 5 funds

The next quarterly review of the entire PruFund range of funds, which will include a review of Prudential’s long-term growth expectations and subsequently the funds underlying Expected Growth Rates (EGRs) will take place on the 25th August 2020.

In exceptional circumstances, as was seen in March, Prudential can make Unit Price Adjustments outside of their normal review dates and these adjustments can be either upwards or downwards.

Please continue to check our Blog content for advice and planning issues and the latest investment, markets and economic updates from leading investment houses.

Please keep safe and healthy.

Carl Mitchell – Dip PFS

IFA and Paraplanner