Firm continues to build ESG product suite with a focus on flagship fixed income mutual funds
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.
The PGIM ESG Short Duration Multi-Sector Bond Fund seeks total return, investing across various fixed income securities and emphasizing issuers with stronger ESG characteristics and practices than traditional multi-sector portfolios. The Fund normally seeks to maintain an average portfolio duration of three years or less.
The Fund is managed by an experienced team of PGIM Fixed Income portfolio managers including Gregory Peters, Robert Tipp, Michael Collins, Richard Piccirillo, and Lindsay Rosner, averaging 27 years’ investment experience. 1 The same managers oversee the $3.2 billion PGIM Short Duration Multi-Sector Bond Fund, a top-performing fund with strong historical total return rankings.
Read more: Business Wire
