Turmoil in the Banking Sector
Contagion, regulation, and the fight against inflation.
Contagion, regulation, and the fight against inflation.
The third issue of our “Gatekeeper Pulse” research series explores fund selector views in Europe and Asia, particularly within the equity ESG space.
What sets micro caps apart from private equity?
Swiss authorities and central banks are making bold proclamations about a return to stability following UBS’s ‘emergency rescue’ of 167-year-old Credit Suisse.
Lee Menifee, Head of Americas Investment Research, PGIM Real Estate provides his thoughts on the turmoil in the banking sector.
PGIM Fixed Income shares their views on the current economic environment and outlook for the fixed income market.
PGIM Real Estate shares their views on the current global market environment and their outlook for global real estate moving forward.
Jennison Associates shares their views on the current economic environment and outlook.
PGIM Quantitative Solutions shares their views on the current economic environment and outlook.
In this newly created role, Matt Shafer will lead PGIM Investments’ ambitious growth plans in wholesale and retail markets outside the U.S.
PGIM Investments has further strengthened its commitment to Europe by establishing a local presence in Italy.
The latest example of our commitment to delivering PGIM’s global investment platform to Asian clients through local market expertise.
Expanded climate actions include carbon neutral target by 2040 and restriction on new direct investments in thermal coal.
Sources of data (unless otherwise noted) are as of 31/12/2022.
For Professional Investors only. All investments involve risk, including the possible loss of capital.
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In connection with an investment in the Fund, in addition to reviewing the information, you should review the Fund Documents (Prospectus, the Supplement and the KIID). You should review and carefully consider these documents, especially the risk factors explained within them, and should seek advice from your legal, tax, and other relevant advisers before making any decision to subscribe for the Fund’s Shares. If there is any conflict between this information and the Fund Documents, the Fund Documents shall prevail. You must rely solely on the information contained in the Fund Documents in making any decision to invest in the Fund.
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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 adjustments 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.
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The views expressed herein are those of Jennison Associates, PGIM Fixed Income, PGIM Real Estate, and PGIM Quantitative Solutions 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.
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