Investment-Grade Corporates Global Corporate

Investment Objective

 PGIM Fixed Income's Global Corporate Fixed Income Strategy is a single sector product that invests primarily in investment grade corporate bonds of U.S., European, and other developed country issuers. The objective of the strategy is to achieve an excess return of +100 bps over a global corporate bond benchmark, typically the Bloomberg Barclays Global Corporate Index (Unhedged), over a full market cycle.1,2

1 There is no guarantee that these objectives will be met.
2 On average, over a full market cycle defined as three to five years.

Available Vehicles

Available Vehicles

Separate Account

UCITS

Investment Philosophy

PGIM Fixed Income constructs and manages global corporate fixed income portfolios based on the philosophy that bottom-up industry and security selection generate high information ratios and, when executed successfully, can provide sustainable excess return over a global corporate bond benchmark. We follow the same philosophy in all global, U.S., and European corporate fixed income portfolios.

Investment Process

PGIM Fixed Income employs a disciplined, three-step investment process to manage Global Corporate Portfolios:

  1. Leverage firm resources to define the current global backdrop and risk appetite

  2. Portfolio strategy and construction

    Portfolio Strategy

    • Market strategists provide macroeconomic assessment

    • Senior investment professionals assess market environment and recommend sector allocations
    •  
    • Portfolio managers actively analyze benchmark
    Arrow Right

    Asset Allocation

    • Research teams conduct intensive in-depth evaluation of all issuers in the universe
    •  

    Expertise across all areas:

    • Fundamental
    • Structured
    • Quantitative
    Arrow Right

    Relative Value Analysis

    Expertise across all areas:

    • Choose regions & select countries that reflect macro perspective
    • Choose fundamentally strong credits with best relative value
  3. A rigorous process is employed to monitor risk at all levels

Senior Portfolio Managers

 

Steven Kellner

CFA, Managing Director and Head of Investment Grade Corporates

 

Edward Farley

Managing Director and Head of the European Corporate Bond Team