“Life insurance company Prudential, reported a positive trading update this month, which stated that new business profits were up 17% over the first nine months of the year to £1.51bn. Furthermore, its fund management operations saw £1.5bn of new funds in the third quarter. The update followed a strong set of first half results reported by the company in August.

“The group continues to see robust demand for its products and services in Asia and the UK and as a result the company remains confident on its geographical positioning and strategy to deliver growth.

“We recommend Prudential as a ‘buy’ for investors looking for a positive investment idea that spans the US, Asia and the UK. The group trades at a premium to many of its UK listed peers, but we believe this is a reflection of its robust earnings yield and the potential from its Asian growth proposition and the business continuing to target cash growth.”