PGIM Investments launches third ESG bond fund
Firm continues to build ESG product suite with a focus on flagship fixed income mutual funds.
The Biden Administration has sent clear signals that they plan on reinstating multilateral cooperation on climate change and will leverage government intervention to achieve carbon neutrality. However, the unpredictability of climate policy from successive administrations has led to U.S. investor paralysis when it comes to incorporating climate risks and opportunities into their portfolios. While essential, government action on climate is not the only force moving markets to price in climate. Investors must monitor the other forces at play and act now, rather than waiting to see how the latest climate agenda pans out.