MARKETS & ECONOMY

PGIM’s asset managers provide forward-looking analyses of market forces impacting the coming quarter, and concise reviews of key market activity, formulated for the institutional investor.

2018 Milken Institute Global Conference Navigating a World in Transition

PGIM is proud to be a gold sponsor of the annual Milken Institute Global Conference, which brings together brilliant minds that possess the ability to move the world forward in a variety of ways. Milken’s commitment to the power of ideas makes this a dynamic forum where we can contribute our expertise while gaining new ideas from the vast network of accomplished and influential people from all over the globe.

Transcript

Q2 2018 Market Outlooks

Against the backdrop of continued growth in the global economy, heightened trade tensions, and other prevalent market concerns, a new element of caution arises for investors. PGIM’s investment managers provide diverse outlooks from the perspective of their portfolio managers in fixed income and equities.

PGIM CEO Doesn't Expect Jump in Inflation Anytime Soon

David Hunt, PGIM's chief executive officer, discusses President Donald Trump's tariff plans. He spoke with Bloomberg's Scarlet Fu and Julia Chatterley March 1 on "Bloomberg Markets."

Transcript

When the Dust Flies: How Volatility Events Affect Asset Class Performance

PGIM’s Institutional Advisory & Solutions (IAS) group investigates asset class performance before, during, and after volatility events.

LIBOR's Borrowed Time?

Gary Horbacz, CFA, Principal, Structured Products Team & Ann Vilasuso, Vice President, Developed Markets Interest Rates Team 

PGIM Fixed Income provides a description of the anticipated LIBOR-replacement index, a comparison to LIBOR, and also discusses the deficiencies with the proposed replacement. This paper highlights the phased transition plan and the potential implications of the new index on floating rate bonds, portfolio hedges, and benchmarks. Lastly, PGIM Fixed Income outlines some key conclusions regarding the planned replacement, the Secured Overnight Financing Rate (SOFR).

Trade Tensions—Still More Bark Than Bite?”

Nathan Sheets, PhD, Chief Economist and Head of Global Macroeconomic Research 

With the trade rhetoric between the United States and China heating up, we look at the steps the countries have taken thus far, the potential implications for the global economy, and three possible scenarios going forward.

READ MORE ON GLOBAL MACRO MATTERS

QMA

All Eyes on Productivity

In this edition of QMA's Market Pulse, "All Eyes on Productivity," QMA's Global Multi-Asset Solutions team explains why productivity growth is one of the metrics it is watching for clues to the staying power of the current economic and market cycle. The team notes that the past decade of anemic productivity growth would ordinarily be a cause for pessimism on this front, but also highlights the early signs it is seeing of a productivity pickup, and how this could yet spawn a new virtuous cycle of rising wages, benign inflation conditions and higher GDP growth.

Implications of U.S. Tax Reform

President Trump and Congressional Republicans won a clear victory with the passing of the Tax Cuts and Jobs Act. As the largest tax overhaul in 30 years, the legislation will undeniably have some effects on the markets and economic growth in 2018 and beyond. Here we provide a range of insights about the potential implications of the tax bill from our asset class experts.