OREANDA-NEWS. Prudential Annuities, the domestic annuity business for Prudential Financial, Inc. (NYSE: PRU), today announced the addition of six new asset allocation portfolios from leading money managers to its Highest Daily® variable annuity investment platform. When used with the Highest Daily benefits, available for an additional fee, these diverse portfolios have the potential to help drive account value growth and guaranteed income during retirement.

The additions bring the total number of asset allocation portfolios to 21, and span four investment strategies: traditional, tactical, quantitative and alternative. All of the asset allocation portfolios can be selected as stand-alone options or combined.
“Our innovative approach to risk management allows us to offer investors access to a broad range of investment strategies,” said Timothy Cronin, Chief Investment Officer for Prudential Annuities. “Today’s enhancements reinforce our commitment to choice, flexibility and active management.”