PGIM Investments, the fund distribution arm of PGIM, the $1.4 trillion global investment management business of U.S. based Prudential Financial, Inc. (NYSE: PRU), has bolstered its commitment to the Italian market by establishing a distribution agreement with Online SIM, the online fund distribution platform.
The agreement is the first of its kind for PGIM Investments in Italy. It is also a key contributor to the long-term goal for growth and client acquisition in the region as PGIM’s European footprint has evolved and strengthened.
“This agreement enables investors to access the most important and powerful strategies which PGIM’s affiliate structure offers, showcasing the best of our capabilities in making available the instruments, tools and building blocks to make asset allocation more efficient. The funds are a best in class selection of solution funds covering a number of sectors as well as complete portfolios,” says Alessandro Aspesi, Head of Italy PGIM Investments.
PGIM Investments’ UCITS platform has grown to US$7.9 billion in AUM with registration in 18 countries as of December 2024.
Since the opening of PGIM Investments’ office in Italy in March 2022, the development of relationships among professional investors (such as portfolio managers and distributors), as well as institutional clients has been key.
“PGIM is increasingly becoming known as an asset manager establishing a steady presence among European intermediaries, and we are seeing growing demand for our range of public and private propositions,” says Alessandro Aspesi, adding “We are excited about the access which this agreement gives to public customers in the Italian market, where investors continue to search for exposure to solutions in fixed income markets.”
ABOUT PGIM INVESTMENTS AND PGIM FUNDS
PGIM Investments offers more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM’s globally diversified investment platform that encompasses the expertise of managers across fixed income, equities and real estate.
PGIM Funds plc is an Ireland-domiciled UCITS umbrella fund serving institutional and wholesale investors across the globe. For a full list of funds available in your region, visit pgimfunds.com.
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 42 offices across 19 countries, our more than 1,400 investment professionals serve both retail and institutional clients around the world.
As a leading global asset manager, with US$1.4 trillion in assets under management1, PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialized expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
1As of 30 Sept. 2024
References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities. The securities referenced may or may not be held in the portfolio at the time of publication and, if such securities are held, no representation is being made that such securities will continue to be held.
The views expressed herein are those of PGIM investment professionals at the time the comments were made, may not be reflective of their current opinions, and are subject to change without notice. Neither the information contained herein nor any opinion expressed shall be construed to constitute investment advice or an offer to sell or a solicitation to buy any securities mentioned herein. Neither PFI, its affiliates, nor their licensed sales professionals render tax or legal advice. Clients should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation. Certain information in this commentary has been obtained from sources believed to be reliable as of the date presented; however, we cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed. The information contained herein is current as of the date of issuance (or such earlier date as referenced herein) and is subject to change without notice. The manager has no obligation to update any or all such information; nor do we make any express or implied warranties or representations as to the completeness or accuracy.
Any projections or forecasts presented herein are subject to change without notice. Actual data will vary and may not be reflected here. Projections and forecasts are subject to high levels of uncertainty. Accordingly, any projections or forecasts should be viewed as merely representative of a broad range of possible outcomes. Projections or forecasts are estimated based on assumptions, subject to significant revision, and may change materially as economic and market conditions change.
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