Our long-term oriented approach focuses on fundamental bottom up security selection through our relative value framework, with an emphasis on risk management and risk budgeting.
PGIM Fixed Income’s philosophy is that investment portfolios built through the integration of credit research, quantitative analysis, and risk management can achieve consistent excess returns for clients with a high information ratio. This research-based process applies across all of our investment strategies.
Our fundamental research heritage is our differentiator with experienced analysts that provide deep coverage of countries, sectors, industries, issuers, currencies, and structures, and they—along with our portfolio managers—have direct access to company management and key fixed income figures in the market. Our Quantitative Analysis and Risk Management group also maintains proprietary models for relative value analysis, risk management, stress testing, and performance attribution, with a sophisticated approach toward risk budgeting.
Our Integrated Process
Past performance is not a guarantee or reliable indicator of future results. No risk management technique can guarantee the mitigation or elimination of risk in any market environment. Source: PGIM Fixed Income. Note: Staffing as of September 30, 2022.
*Portfolio Management staffing data includes senior executives and product managers. Portfolio Management average years of experience and years at firm calculated at principal level and above.