Articles from PGIM

PGIM,2 the $1.34 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), has launched two new actively managed exchange-traded funds (ETFs) — the PGIM Ultra Short Municipal Bond ETF (PUSH) and the PGIM Municipal Income Opportunities ETF (PMIO) — on the NYSE Arca.

Following the launch of the PGIM U.S. Large-Cap Buffer 12 and 20 ETF series, PGIM,1 the $1.34 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), has launched two laddered funds of buffer ETFs, the PGIM Laddered Fund of Buffer 12 ETF (BUFP) and the PGIM Laddered Fund of Buffer 20 ETF (PBFR) (the “ETFs”), on the Cboe BZX. The ETFs will be offered at a 0.50% net expense ratio, making them the lowest-cost fund of buffer ETFs in the marketplace.2

PGIM High Yield Bond Fund, Inc. (NYSEISD), PGIM Global High Yield Fund, Inc. NYSE: GHYNYSEGHY)(NYSE: SDHYNYSESDHY declared today monthly distributions for June, July and August 2024. The distribution amounts and schedule for each fund appears below:

A surge in power demand fueled by artificial intelligence, the growing energy demands of a rising middle class in emerging market economies, rising geopolitical tensions, and the push to decarbonization are combining to dramatically reshape the global energy system. For investors, this new energy landscape offers both opportunities and hidden risks across a variety of sectors and asset classes, as well as wide-ranging portfolio implications, according to new research from PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU).

PGIM,1 the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), has launched three retirement spending funds: the PGIM Conservative Retirement Spending Fund, PGIM Moderate Retirement Spending Fund and the PGIM Enhanced Retirement Spending Fund. The Funds are designed for investors near or in retirement and aim to help U.S. workers better manage their long-term investments based on their personal spending goals, taking essential and flexible spending into account.

PGIM Investments is honored to receive several 2024 LSEG Lipper Fund Awards recognizing the firm for investment excellence, including the U.S. Group Award for Mixed Assets (Firm Size: Large) over three years, and four fund awards across multiple asset classes. The U.S. Group Award for Mixed Assets is attributed to strong performance from the PGIM Target Date Funds, along with Balanced, Income Builder and Real Asset Funds.

PGIM High Yield Bond Fund, Inc. (NYSEISD), PGIM Global High Yield Fund, Inc. NYSE: GHYNYSEGHY)(NYSE: SDHYNYSESDHY declared today monthly distributions for March, April, and May 2024. The distribution amounts and schedule for each fund appears below:

PGIM, 1 the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), finds that retirement and financial confidence have lingered at “below average” levels since the second quarter of 2022, according to the firm’s new PGIM RetireWell™ Confidence Index. In addition, the gap between financial confidence and retirement confidence has widened dramatically since the start of 2022, which could indicate that while investors may feel relatively secure in their investments today, they worry greatly about the future.

Historically Black colleges and universities (HBCUs) are a critical learning path for Black students seeking quality higher education in the United States. Yet, these institutions face systemic challenges in accumulating substantial endowments, a crucial factor for ensuring institutional stability and growth. A new study launched by UNCF (United Negro College Fund) and PGIM, the global asset management business of Prudential Financial, Inc. (NYSEPRU), explores these challenges and how the asset management industry can work with HBCUs to achieve better outcomes.

PGIM,1 the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), has launched two buffer ETF series, the PGIM U.S. Large-Cap Buffer 12 ETF series and the PGIM U.S. Large-Cap Buffer 20 ETF series (“the ETFs”), listed on the Cboe BZX. The series will consist of a total of 24 ETFs, with 12% and 20% buffer ETFs launching on a rolling basis the first business day of each month throughout the year.

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), has hired Sancia Dalley as a managing director in the PGIM Office of Diversity, Equity & Inclusion (DEI). In this role, Dalley will oversee the DEI Investment Portfolio and HBCU Investment Strategy.

PGIM,1 the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), has launched four actively managed exchange-traded funds (ETFs) — the PGIM Jennison International Opportunities ETF (NYSE Arca: PJIO), PGIM Jennison Better Future ETF (Cboe BZX: PJBF), PGIM Jennison Focused Mid-Cap ETF (Cboe BZX: PJFM), and the PGIM Short Duration High Yield ETF (Cboe BZX: PSH).

Global labor markets are at a critical turning point, with significant structural changes underway that will create future labor shortages, inflation and headwinds to economic growth. New research from PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), explores how macroeconomic forces are reshaping the global workforce and economy.

PGIM Real Estate has appointed Cathy Marcus and Raimondo Amabile as co-chief executive officers, effective Oct. 1, 2023. Marcus and Amabile will jointly run the business in an expansion of their existing global and regional roles and having worked together for over a decade.

PGIM, the $1.27 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), has appointed Eric Adler as president and CEO of PGIM Private Alternatives, bringing together the firm’s private alternatives capabilities in order to provide global investors with a cohesive set of investment solutions across private credit, real estate equity and debt, private equity, infrastructure, and agriculture.

PGIM High Yield Bond Fund, Inc. (NYSEISD), PGIM Global High Yield Fund, Inc. NYSE: GHYNYSEGHY)(NYSE: SDHYNYSESDHY declared today monthly distributions for September, October and November 2023. The distribution amounts and schedule for each fund appear below:

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU) has launched the PGIM AAA CLO ETF (NYSE Arca: PAAA), offering retail investors direct access to the growing $1.2 trillion collateralized loan obligation (CLO) market, historically accessible only to institutional investors.

PGIM Private Capital provided nearly $6.7 billion of senior debt and junior capital to more than 120 middle-market companies and projects globally in the first half of 2023. PGIM Private Capital is a source of private debt for public and private companies and is the private capital arm of PGIM, the $1.27 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU).

PGIM Fixed Income has named Tom Porcelli chief U.S. economist, effective July 6, 2023. With $793 billion in assets under management, PGIM Fixed Income is among the largest global fixed income managers.

PGIM High Yield Bond Fund, Inc. (NYSEISD), PGIM Global High Yield Fund, Inc. NYSE: GHYNYSEGHY)(NYSE: SDHYNYSESDHY declared today monthly distributions for June, July and August 2023. The distribution amounts and schedule for each fund appear below:

Vulnerabilities in our global food system have surfaced recently as the invasion of Ukraine, COVID-19 pandemic and climate change have disrupted the food supply — having a profound impact on food prices, monetary and fiscal policy, even political stability. However, these disturbances have also tilled the soil for much-needed innovation, and investors can play a major role in transforming the industry for the future, according to new research from PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU).

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), has signed a definitive agreement to acquire a majority interest in Deerpath Capital Management, LP and its associated affiliates. Deerpath Capital is a U.S. private credit and direct lending manager focused primarily on financing private equity sponsor-backed companies in the lower middle market. Deerpath Capital currently has more than $5 billion in assets under management.

The retiring boomer generation has spurred the defined contribution (DC) industry to do more to help plan participants turn their savings into steady income. New research from PGIM DC Solutions, the retirement solutions provider of PGIM, finds that 7 in 10 DC plan sponsors report taking steps to solve the retirement income challenge, but there is more work to be done.

PGIM High Yield Bond Fund, Inc. (NYSEISD), PGIM Global High Yield Fund, Inc. NYSE: GHYNYSEGHY)(NYSE: SDHYNYSESDHY declared today monthly distributions for March, April and May 2023. The distribution amounts and schedule for each fund appears below:

PGIM Quantitative Solutions (PGIM Quant), the quantitative, multi-asset and liquid alternatives specialist of PGIM, has appointed Andy Wilmot as head of Strategic Relationships. PGIM is the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU).

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), has announced Head of PGIM Fixed Income Michael Lillard will retire in April 2024. In turn, John Vibert will be appointed as president and CEO of the $759 billion active global fixed income manager, effective Jan. 1, 2024.

PGIM Investments has launched three actively managed ETFs — the PGIM Jennison Focused Growth ETF (PJFG), the PGIM Jennison Focused Value ETF (PJFV) and the PGIM Portfolio Ballast ETF (PBL).

PGIM Investments, LLC announced today plans to close and liquidate the PGIM Quant Solutions Strategic Alpha International Equity ETF (PQIN).

PGIM High Yield Bond Fund, Inc. (NYSEISD), PGIM Global High Yield Fund, Inc. NYSE: GHYNYSEGHY)(NYSE: SDHYNYSESDHY declared monthly distributions today for December 2022, January and February 2023. The distribution amounts and schedule for each fund appears below:

Private market funds have nearly tripled assets since the global financial crisis — accounting for more than 35% of new capital raised through bonds and equity in the U.S. in 2021 — but the Goldilocks-like market conditions that facilitated this meteoric rise are changing, presenting new risks and opportunities for investors, according to new research from PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU).

PGIM Fixed Income has appointed Diane L. Parker as head of Diversity, Equity & Inclusion (DEI). Parker joined the firm Sept. 6 in the newly created role reporting to John Vibert, president, PGIM Fixed Income. With $790 billion in assets under management, PGIM Fixed Income is among the largest global fixed income managers.

PGIM High Yield Bond Fund, Inc. (NYSEISD), PGIM Global High Yield Fund, Inc. NYSE: GHYNYSEGHY)(NYSE: SDHYNYSESDHY declared today monthly distributions for September, October and November 2022. The distribution amounts and schedule for each fund appear below:

PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU) has hired Timothy (Tim) Woods, CFA, as head of HBCU Strategic Initiatives, a new PGIM program.

PGIM High Yield Bond Fund, Inc. (NYSEISD), PGIM Global High Yield Fund, Inc. NYSE: GHYNYSEGHY)(NYSE: SDHYNYSESDHY declared today monthly distributions for June, July and August 2022. The distribution amounts and schedule for each fund appears below:

PGIM Investments continues to expand its suite of actively managed fixed income ESG funds with the launch of the PGIM ESG Short Duration Multi-Sector Bond Fund. The new fund is the third ESG mutual fund offered by PGIM Investments, demonstrating the firm’s commitment to expanding product choice and helping investors seeking to meet their sustainability objectives. PGIM is the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU).

PGIM Investments continues to build out its actively managed fixed income ETF lineup with the launch of the PGIM Floating Rate Income ETF (NYSE Arca: PFRL). The new ETF, which seeks to maximize current income by investing primarily in senior floating rate loans, is managed by PGIM Fixed Income,1 one of the largest and most experienced leveraged finance managers with $38 billion in floating rate loan assets under management as of March 31, 2022. PGIM is the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU).

The latest crypto collapse — in large part driven by poor design of a so-called “stablecoin” — highlights just one of the many reasons why cryptocurrency is a poor choice for long-term investors, according to PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU).

Low interest rates, investors’ ongoing search for yield, and strong acquisitions activity continue to create a supportive environment for real estate financing and alternative lenders across the globe, contributing to a record $22.38 billion in worldwide originations last year for PGIM Real Estate, the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of U.S.-based Prudential Financial, Inc. (NYSEPRU).

PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), continues and deepens its focus on environmental, social and governance (ESG) investing with the appointment of Eugenia Unanyants-Jackson to the newly created role of global head of ESG, February 1 2022. Based in London and reporting to PGIM’s chief operating officer, Taimur Hyat, Unanyants-Jackson will be responsible for shaping and coordinating ESG strategy and approach across PGIM, including chairing the PGIM ESG Council and engaging with clients, consultants, regulators, and industry associations.

PGIM High Yield Bond Fund, Inc. (NYSEISD), PGIM Global High Yield Fund, Inc. NYSE: GHYNYSEGHY)(NYSE: SDHYNYSESDHY declared today monthly distributions for December 2021, and January and February 2022. The distribution amounts and schedule for each fund appears below:

PGIM Fixed Income, a global asset manager offering active solutions across all fixed income markets, announced Jason Appleson will assume the role as head of Municipal Bonds effective Jan. 1, 2022 upon the retirement of long-time head of Municipal Bonds Susan Courtney.

Disruptive technology has a reputation as a giant killer, but the latest technological breakthroughs in the services sector will not bury all of today’s market leaders — they will lift some of these companies to greater heights, according to new research from PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU).

PGIM, the $1.5 trillion global investment management business of U.S.-based Prudential Financial, Inc. (NYSEPRU) has hired William Tsotsos to lead its institutional relationship group (IRG) in Canada, focused on strengthening client relationships and building upon PGIM’s 10 years of experience serving investment decision-makers for Canada’s pension and defined contribution plans.

PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU), has signed a definitive agreement to acquire Montana Capital Partners (MCP), a European-based private equity secondaries asset manager. The closing of the transaction is subject to receipt of all regulatory approvals.

While workplace retirement savings plans have evolved significantly over the last four decades, they still fall short in providing workers with lifetime retirement security. New research from PGIM, the $1.5 trillion global asset management business of Prudential Financial, Inc. (NYSEPRU), finds that while most defined contribution (DC) plans offer tools and advice, meaningful retirement income solutions are still not commonplace. But there’s one thing most (72%) plan sponsors do agree on: technology-enabled customized solutions are necessary to meet retirement income needs.

Institutional investors in North America significantly lag their counterparts in Europe when it comes to taking action and adapting their portfolios in response to climate change—but more reliable data, clearer regulatory standards and stakeholder activism can push them to narrow the gap, according to a new survey from PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSEPRU).