Skip to main content
PGIMPGIM
  • Contenuto in inglese

    • Megatrend
    • Le migliori idee annuali
    • Serie OutFront
    • Ricerca di portafoglio
    • Outlook di mercato trimestrale
    • Eventi di mercato
    • Soluzioni all’avanguardia
    • Eventi e Webinar
    • Videoteca
    • Podcast
  • CONTENUTO IN INGLESE

    • Investimenti ESG
    • Investire negli alternativi
    • Investire nei mercati emergenti
    • Gestione del rischio
  • Alternativi

    • PGIM Private Alternatives
    • PGIM Private Capital
    • PGIM Real Estate
    • Montana Capital Partners (PE)

    Azioni e reddito fisso

    • PGIM Fixed Income
    • Jennison Associates

    Soluzioni

    • PGIM Quantitative Solutions

    Per la distribuzione

    • PGIM Investments
  • Contenuto in inglese

    • Clienti che serviamo
    • Rapporti istituzionali
    • Sedi globali
    • Contattaci
  • Contenuto in inglese

    • Panoramica
    • Leadership
    • Storia
    • Inclusione e diversità
    • Sedi globali
    • Contattaci
    • Abbonamento alla newsletter
    • Richiesta di informazioni
  • Contenuto in inglese

    • Lavorare in PGIM
    • Opportunità di impiego
  • CONTENUTO IN INGLESE

    • Sala stampa
    • Comunicati stampa
    • Sulla stampa
    • Fatti e cifre
    • Relazioni con i media
Press Release

PGIM Investments expands active fixed income ETF lineup with launch of core bond fundPGIMInvestmentsexpandsactivefixedincomeETFlineupwithlaunchofcorebondfund

Da PGIM Global Communications — 15 apr 2021

3 minuti di lettura

Condividi
  • Mail
  • LinkedIn
  • Twitter
  • Copy URL

Condividi

NEWARK, N.J., April 15, 2021

PGIM Investments is expanding its exchange-traded fund (ETF) lineup with the launch of the PGIM Active Aggregate Bond ETF (NYSE Arca: PAB). PAB is an actively managed fixed income ETF seeking total return through a combination of current income and capital appreciation. PAB offers core fixed income exposure through a diversified portfolio of investment-grade bonds with an estimated total expense ratio of 0.19%.

“Given the current low-yield environment and potential for increased market volatility, there has been strong client demand for active fixed income solutions,” said Stuart Parker, president and CEO of PGIM Investments. “We are pleased to expand our line-up to include a low-cost active core bond ETF that offers alpha potential with effective risk management via PGIM Fixed Income, one of the largest and most experienced bond managers in the world.”

A Risk-Managed Approach to Active Investing

PGIM Investments’ suite of fixed income ETFs are managed by PGIM Fixed Income, one of the largest and most experienced global fixed income managers in the world, with more than $968 billion in assets under management.1 PGIM Fixed Income’s active investment approach is bolstered by credit research, quantitative research and risk management to help deliver competitive returns and manage volatility.

The PGIM Active Aggregate Bond ETF, managed by senior members of PGIM Fixed Income’s multi-sector team, Richard Piccirillo, Lindsay Rosner and Stewart Wong, includes investment restrictions on characteristics such as duration, quality and sectors in order to manage portfolio risks.

Why Active Fixed Income?

PGIM Investments recently conducted an analysis which found that historically, the majority of active fixed income managers have outperformed their passive peers with a better risk/return profile than the average passive manager. The analysis also found that the Bloomberg Barclays U.S. Aggregate Bond Index (the “Agg”) provides limited sector diversification for investors, as it is heavily weighted toward low-yielding U.S. government debt. While the PGIM Active Aggregate Bond ETF is benchmarked to the Agg, the ETF will seek to invest in a more broadly diversified portfolio across fixed income sectors, industries and issuers.

PGIM Fixed Income’s multi-sector team employs a collaborative bottom-up research-driven security selection process with an intense focus on industry and issuer credit research to extract multiple sources of alpha through active allocations across fixed income spread sectors.

Learn more about PGIM’s suite of actively managed ETFs.

ABOUT PGIM INVESTMENTS

PGIM Investments LLC and its affiliates offer 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.

ABOUT PGIM

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world2 with more than $1.5 trillion in assets under management as of December 31, 2020. With offices in 16 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.

Prudential’s additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about Prudential, please visit news.prudential.com.

1As of Dec. 31, 2020.

2 Prudential Financial, Inc. (PFI) is the 10th largest investment manager (out of 527 firms surveyed) in terms of global assets under management based on Pensions & Investments’ Top Money Managers list published on June 1, 2020. This ranking represents global assets under management by PFI as of March 31, 2020.

Fund Risk Information

The Fund is an actively managed exchange traded fund (ETF) and, thus, does not seek to replicate the performance of a specified index. The Fund actively and frequently trades its portfolio securities which can result in high portfolio turnover and correspondingly greater transaction and brokerage costs. As an ETF, the Fund’s shares trade on an exchange and are subject to ETF shares trading risk, including that the Fund’s shares may trade at a premium or discount to net asset value; during periods may become less liquid; potentially may lack an active trading market, which may result in significant losses if you sell your shares of the Fund during these periods; and may be subject to authorized participant concentration risk, since the Fund has a limited number of intermediaries that act as authorized participants and none of these authorized participants are or will be obligated to engage in creation or redemption transactions. To the extent that these intermediaries exit the business or are unable to or choose not to proceed with creation and/or redemption orders with respect to the Fund and no other authorized participant creates or redeems, shares of the Fund may trade at a discount to NAV and possibly face trading halts and/or delisting. The Fund may be subject to the risk of increased expenses, meaning that your actual cost of investing in the Fund may be higher than the expense shown in the expense table, as well as the cost of buying or selling shares, since when you buy or sell shares of the Fund through a broker, you will likely incur brokerage commission or other charges; and cash transaction risk, which is the risk that the Fund (which may affect creation and redemptions in cash or partially in cash) may be less tax-efficient than an investment in an ETF that distributes portfolio securities in-kind. As a new and relatively small fund with limited operating history, the Fund is subject to the risk that its performance might not represent how it may perform long term and investments may have disproportionate impact on performance. Fixed income investments are subject to credit, market, and interest rate risks (including duration risk and prepayment risk), and their value will decline as interest rates rise; call and redemption risk, where the issuer may call a bond held by the Fund for redemption before it matures and the Fund may lose income; liquidity risk, which exists when particular investments are difficult to sell; emerging markets risk, which exposes the Fund to greater volatility and price declines. The Fund may invest in foreign securities, which generally involve more risk than investing in U.S. issuers, including political, legal, and economic uncertainty; structured products, which are subject to issuer repayment and counterparty risk; derivatives, which may carry market, credit, and liquidity risks; and mortgage-backed and asset-backed securities, which are subject to prepayment, extension, and interest rate risks. The Fund may be subject to management risk, where the value of your investment may decrease if judgments by the subadviser are incorrect; economic and markets event risk, meaning that events in global financial markets could result in high market volatility, market disruption and geopolitical risks, meaning that international wars or conflicts and geopolitical developments including terrorist attacks and outbreaks of infectious diseases could negatively impact interest rates, market volatility and security pricing, and market risk, where the value of investments may decrease and securities markets are volatile. U.S. government and agency securities and U.S. Treasury bills are backed by the full faith and credit of the U.S. government, are less volatile than equity investments, and provide a guaranteed return of principal at maturity. Large shareholders could subject the Fund to large scale redemption risk. Diversification does not assure a profit or protect against loss in declining markets. These risks may increase the Fund’s share price volatility. The risks associated with the Fund are more fully explained in the prospectus and summary prospectus. There is no guarantee the Fund’s objective will be achieved.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact a financial professional.

Consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. Contact your financial professional for a prospectus and summary prospectus. Read them carefully before investing.

Funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company. PGIM Fixed Income is an affiliate of PGIM. © 2021 Prudential Financial, Inc. and its related entities. The PGIM logo is a service mark of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.

1047094-00001-00

Media Contact

Kylie Scott
973-902-2503
Kylie.scott@pgim.com

  • Da PGIM Global Communications
  • Approfondimenti

    • Megatrends
    • Le migliori idee annuali
    • Outlook di mercato trimestrale
    • Eventi di mercato
    • Soluzioni all’avanguardia
    • Eventi e Webinar
  • Temi di investimento

    • Investimenti ESG
    • Investire negli alternativi
    • Investire nei mercati emergent
    • Gestione del rischio
  • Clienti

    • Clienti che serviamo
    • Rapporti istituzionali
  • Chi siamo

    • Panoramica
    • Leadership
    • Storia
    • Inclusione e diversità
    • Global Locations
    • Contattaci
    • Abbonamento alla newsletter
  • Lavora con noi

    • Lavorare in PGIM
    • Opportunità di impiego
  • Sala stampa

    • Le ultime notizie
    • Comunicati stampa
    • Sulla stampa
    • Relazioni con i media
PGIM
  • Termini e condizioni
  • Centro sulla privacy
  • Guida per l’accessibilità (in inglese)
  • Informativa sulla regolamentazione del Regno Unito
  • Informativa sulla regolamentazione dei Paesi Bassi
  • Centro preferenze cookie

Riservato a investitori professionali. Tutti gli investimenti comportano un rischio, inclusa la possibile perdita di capitale.

Il presente materiale è solo a scopo informativo ed educativo e non deve essere interpretato come consulenza in materia di investimenti o un’offerta o sollecitazione in relazione ai prodotti o servizi a persone a cui è vietato ricevere tali informazioni ai sensi delle leggi applicabili al loro luogo di cittadinanza, domicilio o residenza. PGIM è la principale attività di gestione patrimoniale di Prudential Financial, Inc. ed è la denominazione commerciale di PGIM, Inc. e le sue controllate a livello globale. PGIM, Inc. è un consulente per gli investimenti registrato dalla US Securities and Exchange Commission (“SEC”). La registrazione presso la SEC non implica un certo livello di abilità o formazione.

Le informazioni su questo sito Web non devono essere considerate una consulenza in materia di investimenti né una raccomandazione sulla gestione o l’investimento dei risparmi pensionistici. Nel rendere disponibili le informazioni su questo sito Web, PGIM, Inc. e le sue affiliate non agiscono in qualità di fiduciari.

Nel Regno Unito queste informazioni sono emesse da PGIM Limited con sede legale in: Grand Buildings, 1-3 Strand, Trafalgar Square, Londra, WC2N 5HR. PGIM Limited è autorizzata e regolamentata dalla Financial Conduct Authority (“FCA”) del Regno Unito (Numero di riferimento della società 193418). Nello Spazio economico europeo (“SEE”), le informazioni sono emesse da PGIM Netherlands B.V. con sede legale in: Gustav Mahlerlaan 1212, 1081 LA Amsterdam, Paesi Bassi. PGIM Netherlands B.V. è autorizzata dalla Autoriteit Financiële Markten (“AFM”) nei Paesi Bassi (numero di registrazione 15003620) e opera sulla base di un passaporto europeo. In alcuni Paesi del SEE, queste informazioni sono una promozione finanziaria, laddove permessa, presentata da PGIM Limited facendo affidamento su disposizioni, esenzioni o licenze disponibili per PGIM Limited secondo accordi di autorizzazione temporanea dopo l’uscita del Regno Unito dall’Unione Europea. Questo materiale è emesso da PGIM Limited e/o PGIM Netherlands B.V per le persone che sono clienti professionali come definito dalle norme della FCA e/o per le persone che sono clienti professionali come definito nella relativa implementazione locale della Direttiva 2014/65/UE (MiFID II).

In Italia queste informazioni sono fornite da PGIM Limited, autorizzata ad operare in Italia dalla Commissione Nazionale per le Società e la Borsa (CONSOB).

In Giappone, le informazioni sono fornite da PGIM Japan Co., Ltd (“PGIM Japan”) e/o PGIM Real Estate (Japan) Ltd. (“PGIMREJ”). PGIM Japan, un operatore commerciale di strumenti finanziari registrato presso l’Agenzia dei Servizi Finanziari del Giappone, offre vari servizi di gestione degli investimenti in Giappone. PGIMREJ è un gestore immobiliare giapponese registrato presso il Kanto Local Finance Bureau del Giappone.

A Hong Kong, le informazioni sono fornite da PGIM (Hong Kong) Limited, una società autorizzata dalla Securities and Futures Commission di Hong Kong a investitori professionali, come definiti nella Sezione 1 della Parte 1 dell’Allegato 1 dell’Ordinanza sui titoli e sui futures (Cap 571). A Singapore, le informazioni sono rilasciate da PGIM (Singapore) Pte. Ltd. (“PGIM Singapore”), una società autorizzata dall’Autorità Monetaria di Singapore in base a una Licenza per servizi nei mercati di capitali per svolgere gestione di fondi e consulenza d’investimento esente. Questo materiale è emesso da PGIM Singapore per informazioni generali degli “investitori istituzionali” ai sensi della Sezione 304 del Securities and Futures Act 2001 di Singapore (l’“SFA”) nonché degli “investitori accreditati” e di altre persone pertinenti in conformità alle condizioni specificate nella Sezione 305 del SFA. In Corea del Sud, le informazioni sono rilasciate da PGIM, Inc., che è autorizzata a fornire servizi discrezionali di gestione degli investimenti direttamente a investitori istituzionali qualificati sudcoreani su base transfrontaliera.

Prudential Financial, Inc. (“PFI”) degli Stati Uniti non è affiliata in alcun modo a Prudential plc, costituita nel Regno Unito o a Prudential Assurance Company, una filiale di M&G plc, costituita nel Regno Unito. 

PGIM, il logo PGIM e il design Rock sono marchi di servizio di PFI e delle sue entità correlate, registrati in molte giurisdizioni in tutto il mondo.

©2022 PFI e le sue entità correlate.

You are viewing this page in preview mode.

Edit Page