3 Years in a Row - Prudential wins first place again in WM survey

Prudential's £74.4* billion With-Profits Fund has grabbed the top spot in the WM 2007 Life Fund Survey for the third year running, with its 7.2%** investment return making it the best performing fund in the WM UK Life Fund Universe.

The survey covers 14 with-profit funds and 19 life funds and is compiled on an annual basis by WM, the industry recognised and independent fund-performance service provider.

We accredit the success of the With-Profits Fund to our in-house fund management specialists, the Portfolio Management Group (PMG), who collectively manage around £120 billion of assets. PMG's active management strategy is a philosophy that allows for greater investment freedom to make asset allocation unfettered by benchmarks - a philosophy proven successful by a history of making the right moves at the right time.

Martin Brookes, Director of Portfolio Management, PMG, says "We are delighted to have retained our top ranking position in the WM Life Fund Survey for three years in a row. As the strong investment returns of this fund continues, this survey clearly acknowledges its success as the number one performing fund over 1, 3 and 5 years*** in both the With-Profits and Life Funds surveys."

* As at 31 December 2007.
**total return, prior to tax, charges, and the effects of smoothing.
*** With-Profits Fund total return over 1 year - 7.2%, 3 years - 44.6% and 5 years - 91.0%.