I still like the developing market focused Prudential: BUY
By Chris Bailey | Monday 6 November 2023
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Just over two months ago I observed that the only global financial sector company my pension fund holds was Prudential (PRU). And even the sub 1000p share price back then has not performed particularly well since. At a certain level I should not be particularly surprised as almost all financial stocks have a range of real economy issues but, as I noted last time, today’s Pru is focused on Asia and parts of the emerging markets. And as more people get a bit richer, boring stuff such as insurance and pensions become more relevant.
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