As the third quarter begins, institutional investors face a transformed investment landscape. Market volatility seems to have become a mainstay, with slowing global growth, diverging central bank policies, and tumult over tariffs all playing a key role in shaping the investment backdrop. The current market uncertainty brings with it unprecedented risks, and selective opportunities, while liquidity, flexibility, and true diversification beyond traditional assets are now strategic imperatives, not tactical options.
To help investors look through this complexity, PGIM brings together the following perspectives to unpack the opportunities and risks that are emerging across asset classes.
In this mid-year outlook, PGIM experts dissect where institutional investors are most exposed to regime lag, and where selective conviction is beginning to reemerge.
Third quarter 2025 market outlook for Global High Yield provided by Rob Fawn, Portfolio Manager, European Leveraged Finance.
Third quarter 2025 market outlook for Securitized Products provided by Edwin Wilches, CFA, Co-Head of Securitized Products.
Liquidity, flexibility, and true diversification beyond traditional assets are now strategic imperatives, not tactical options.
Third quarter 2025 market outlook for Agency MBS provided by Andrew Harnischfeger, CFA, Portfolio Manager, Agency MBS.
Third quarter 2025 market outlook for Asset-Based Finance provided by Oliver Nisenson, Head of Asset-Based Finance.
Third quarter 2025 market outlook for Developed Market Rates provided by Mick Meyler, Head of Developed Market Rates.
Third quarter 2025 market outlook for Emerging Market Debt provided by Pradeep Kumar, PhD, CFA, Portfolio Manager, Emerging Markets Debt.
Third quarter 2025 market outlook for Investment Grade Corporate Bonds provided by Ashley Wieseltier, CFA, Portfolio Manager, U.S. IG Corporate Bonds.
Third quarter 2025 market outlook for Municipals provided by Jason Appleson, CFA, FRM, Head of Municipal Bonds.