M&G pulls $13b of Prudential assets from Eastspring

M&G, which incorporates insurer Prudential's UK business, is pulling some $13 billion of the British insurer's assets from Singapore-based Eastspring Investments and is understood to be handing them to M&G’s new Asian equities team to manage.  M&G redeemed $7.3 billion from Eastspring in the first half of 2020 "and we expect a further outflow of around $6 billion in the second half of this year", Mike Wells, group chief executive of Prudential PLC, said in an earnings …