CAPTURE GROWTH IN THE
NEXT ECONOMY

While lower market returns make it harder for investors to meet long-term financial goals, investing in future market leaders creating New EXceptional Technologies can be a vital source of alpha in portfolios

 

 

WHAT IS THE NEXT ECONOMY? 

Today’s accelerated pace and breadth of innovation is unleashing disruption across every sector, industry, and region. Growth in this New EXceptional Technologies (NEXT) Economy is being driven by a new generation of trailblazing companies that are challenging tradition-bound industries that are unwilling or unable to adapt. These NEXT Economy mavericks are displacing incumbents, reshaping the global landscape, and transforming our daily lives, all while offering attractive investment growth potential.

 

Explore 6 key themes driving strong long-term growth in the NEXT Economy.

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Increased mobile Internet usage and shift to on-demand customized consumption models is fostering new delivery formats and business models

Read More About On-Demand Consumption


Exponential digital data growth is driving massive evolution of cloud technologies and network optimization infrastructure

Read More About Enterprise Technologies


Large younger-demographic populations with growing disposable incomes, particularly in emerging markets, is creating significant demand for premium products


The irreversible transition from cash to electronic credit and debit transactions is resulting in expansive growth of integrated payment platforms


A new generation of advanced robotic devices that combines deep intelligence with virtual/augmented reality tools is finding broad applications


An integrated ecosystem that combines consumer relevance, artificial intelligence, and digital supply chains is creating an innovation cycle with quicker, more accurate diagnoses and treatments

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Sources: Statista, DOMO, U.S. Census Bureau as of 12/31/18.

INVESTING IN THE NEXT ECONOMY

As lower market returns make it more challenging to meet longer-term financial goals, investors need to actively seek alternate sources of growth with greater alpha potential. The NEXT Economy provides secular growth opportunities that give investors:

  • Exposure to innovative technologies transforming every sector, industry, and region
  • Diversified sources of return from a broad range of future growth drivers
  • Long-duration growth potential from early adopters poised to disrupt the investment landscape

 

Jennison Associates, PGIM Investments’ fundamental equity manager, has a long track record of identifying game-changing trends early and offers investors multiple ways to seek to capitalize on growth potential of future market leaders in their nascent stages.

 

PGIM Jennison Global Opportunities Fund
 

 

Learn more about PGIM Jennison Global Opportunities Fund

 

PGIM Jennison International Opportunities Fund

 

Learn more about PGIM Jennison International Opportunities Fund

 

PGIM Jennison Growth Fund
 

 

Learn more about PGIM Jennison Growth Fund

 

PGIM Jennison Focused Growth Fund
 

 

Learn more about PGIM Jennison Focused Growth Fund

Please see bottom of the page for Morningstar ratings disclaimers.

A CULTURE OF CONVICTION

Founded in 1969, Jennison Associates is one of the leading active equity managers with expertise in growth, value, blend, and specialty equity strategies with $171 billion in assets under management.1

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An expert in growth investing – proven track record through a focus on disruptive innovation

An experienced team – including long‐standing portfolio managers averaging 30 years of investment experience1

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Active, high-conviction, stock-picking approach designed to generate meaningful alpha

Successful investing in companies embracing technologies that drive transformation of businesses across every sector

FEATURED INSIGHTS

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Disruptors Turned Leaders in On-Demand Consumption

A look at how a few innovative companies transformed consumer behavior for millions around the globe.

 

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Finding Market Leaders in the NEXT Economy

Companies creating New Exceptional Technologies may be the new growth leaders in a slow-growth world.

 

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Where Are the Best Growth Opportunities Today?

Mark Baribeau, CFA, Head of Global Equity at Jennison Associates, explains why regardless of a more uncertain macro backdrop, growth equities still make sense and where he’s finding the most compelling prospects.


1 As of 9/30/19

Morningstar Ratings Disclaimer: Source: Morningstar as of 9/30/2019. PGIM Jennison Global Opportunities Fund: Overall Morningstar Rating out of 727 World Large Stock funds. The 3- and 5-year ratings are 5 stars out of 727 funds and 5 stars out of 599 funds, respectively. PGIM Jennison International Opportunities Fund: Overall Morningstar Rating out of 396 Foreign Large Growth funds. The 3- and 5- year ratings are 5 stars out of 396 funds and 4 stars out of 340 funds, respectively.  PGIM Jennison Growth Fund: Overall Morningstar Rating out of 1,243 Large Growth funds. The 3-, 5-, and 10-year ratings are 3 stars out of 1,243 funds, 4 stars out of 1,110 funds, and 4 stars out of 822 funds, respectively. PGIM Jennison Focused Growth Fund: Overall Morningstar Rating out of 1,235 Large Growth funds. The 3-, 5-, and 10-year ratings are 4 stars out of 1,243 funds, 4 stars out of 1,110 funds, and 4 stars out of 822 funds, respectively. Morningstar measures risk-adjusted returns. The overall rating is based on the Fund’s 3- and 5-year star rating for Z Shares. Past performance is no guarantee of future performance.

The Morningstar Rating for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

All investments involve risk including the possible loss of capital. Investing in the technology sector and in securities of technology-related companies in other sectors will be more affected by the performance of the technology sector than a more diversified portfolio, thereby increasing vulnerability to economic, political, or regulatory developments impacting technology companies and companies that rely heavily on technology, which will have a greater impact on the investment return. Investment strategies such as diversification and asset allocation do not guarantee a profit or protect against loss in declining markets. Past performance is not a guarantee of future results.

Disclaimer

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

An investment in our money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the funds seek to preserve the value of your clients investment at $1.00 per share, it is possible to lose money by investing in the funds.

Mutual fund investing involves risk. Some mutual funds have more risk than others. The investment return and principal value will fluctuate and investor's shares when sold may be worth more or less than the original cost. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. Asset allocation and diversification do not assure a profit or protect against loss in declining markets. There is no guarantee a Fund's objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus. Consult with your attorney, accountant, and/or tax professional for advice concerning your particular situation.

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 about managing or investing your retirement savings. Clients seeking information regarding their particular investment needs should contact a financial professional.

Investment products are distributed by Prudential Investment Management Services LLC, a Prudential Financial company, member SIPC. Separately Managed Accounts are offered through our affiliates. Jennison Associates and PGIM, Inc. (PGIM) are registered investment advisors and Prudential Financial companies. QMA is the primary business name of QMA LLC, a wholly owned subsidiary of PGIM. PGIM Fixed Income and PGIM Real Estate are units of PGIM. © 2019 Prudential Financial, Inc. and its related entities. Jennison Associates, Jennison, PGIM Real Estate, PGIM, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

Prudential Financial, Inc. of the United States is not affiliated with Prudential plc, which is headquartered in the United Kingdom.

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

 

1027286-00001-00 Ed. 10/2019