PGIM is comprised of autonomous asset management businesses each specializing in a particular asset class with a focused investment approach. This gives our clients diversified solutions with a global perspective.
What are the investment implications of the relationship between bonds issued by coal-heavy utilities and those issued by utilities with less reliance on coal? PGIM Fixed Income answers this question and examines how investors might benefit from tactically allocating into utilities with less coal usage.
*As of June 30, 2019, the net AUM globally includes $50.1B for PGIM Real Estate. Note that for PGIM Real Estate Finance, net AUM is $66.6B and is equal to gross. The total gross assets under management globally includes $34.5 billion of assets under administration.
Sources of data (unless otherwise noted) are as of 6/30/2019.
Alpha indicates the performance, positive or negative, of an investment when compared against an appropriate standard, typically a group of investments known as a market index. Real assets consist of investments and strategies in infrastructure, real estate, agriculture and timber.