PGIM unveils floating rate ETF to play rate-rise environment
US group launches new strategy designed to mirror actively run product with $4.6bn in assets.
Stay updated with breaking news from Robert Meyer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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).
The new Aqueduct Trail system outside of Mancos will open to cyclists, hikers and equestrians on May 1. Four miles of new single-track trails are ready to explore out of the 12 miles planned for the 8...
Press release content from Business Wire. The AP news staff was not involved in its creation.