Prudential's Sector Funds Raise $391 Million
July 19, 1999
Prudential Investments of Newark, N.J., has raised $391 million during its 31-day initial offering period for its three new sector funds (MFMN 6/14/99).
The new funds are the Prudential Technology Fund, Prudential Health Sciences Fund and Prudential Financial Services Fund. Half of their assets are actively managed and half are managed as enhanced stock index funds.