JennisonDryden Introduces Investment Oversight Tool
NEWARK, NJ, August 7, 2006 -- JennisonDryden Mutual Funds, Prudential Financial, Inc.'s (NYSE:PRU) proprietary fund family, today announced the introduction of Investment Monitor, a diagnostic plan-level review that helps financial advisors meet their 401k fiduciary responsibility. Investment Monitor provides concise, institutional quality reports that make it easy for financial advisors to determine if the investments are performing as expected against their relevant benchmarks and peer groups.
"Fiduciary oversight is a critical aspect of the job financial advisors perform for their 401k clients," said Scott Benjamin, vice president of marketing and product management for the JennisonDryden Mutual Fund family. "New regulations, coupled with increasingly sophisticated investment strategies, create an environment in which client portfolios should be periodically analyzed using a myriad of quantitative and qualitative metrics. Investment Monitor is designed to provide this information in a comprehensive, user-friendly electronic report that financial advisors can share with their clients."
Investment Monitor includes various technical measures, such as standard deviation, alpha and Sharpe ratios, and risk/return and style analysis for mutual funds from any provider. It aims to help financial advisors save time, cut down on administration duties, improve client relations, comply with regulatory mandates, and differentiate themselves from competitors.
About JennisonDryden
JennisonDryden, from Prudential Financial, brings institutional asset management capabilities to retail investors in a wide range of mutual funds and separate accounts. JennisonDryden offers three asset managers--Jennison Associates, Quantitative Management Associates, and Prudential Fixed Income--that are well known and respected by major corporations, pension plans, and other institutional investors throughout the world. Individuals investing in JennisonDryden products benefit from the same processes, research, risk management, and performance demanded by some of today's largest and most sophisticated investors. More information is available at www.jennisondryden.com.
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