Never in history has the pace of urbanization been so rapid: 60 to 70 million people moving to cities every year for the next few decades. $50 trillion in global infrastructure needs. The emergence of  'Smart' cities, with 26 billion wired connections by 2020.  This "prime time" of urban expansion creates a wealth of new opportunities for investors beyond real estate – from the urban millennial lifestyle in America and Europe to consumer goods and services growth in Asia to ramped-up agricultural supply chains.

The Wealth of Cities, examines the investable implications of urban expansion. PGIM continues to focus on megatrends such as urbanization in the search for new investment opportunities for our clients.