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Putnam Investments to develop suite of sustainable retirement target-date funds; PGIM Investments expands actively managed fixed income ETF lineup; Nationwide adds new solution to address market volatility; and more.
US group launches new strategy designed to mirror actively run product with $4.6bn in assets.
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...
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).
PGIM Investments launched two new bond funds — the PGIM Total Return Bond ETF (PTRB) and the PGIM ESG High Yield Fund.