Pru Thailand continues push offshore despite volatility

Prudential Life Assurance Thailand is pressing on with raising its allocation to offshore exchange-traded funds by as much as 5 percentage points, seemingly unfazed by swinging global market volatility. It currently has an allocation to ETFs of between 5% and 10% of its $4.5 billion in assets under management, largely for overseas exposure, Yingyong Chiaravutthi, head of investments, said in an interview. The firm, part of UK group Prudential, is looking to diversify its investm…