Articles from PGIM

PGIM,2 the $1.34 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), 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. (NYSE: PRU), 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. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) 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. (NYSE: PRU).

PGIM,1 the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), 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. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) 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. (NYSE: PRU), 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. (NYSE: PRU), 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. (NYSE: PRU), 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. (NYSE: PRU), 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. (NYSE: PRU), 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. (NYSE: PRU), 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. (NYSE: PRU), 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. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) 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. (NYSE: PRU) 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. (NYSE: PRU).

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. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) 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. (NYSE: PRU).

PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), 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. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) 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. (NYSE: PRU).