Actively Capitalising on a New Market Regime
Against the evolving backdrop, PGIM asset managers highlight key trends set to shape 2024 and identify opportunities that they believe show significant promise.
Capitalise on conditions, good or bad, with a liquid alternatives strategy.
Amid extensive efforts to tame inflation, the ultimate economic cost of restrictive monetary policy has yet to become apparent against an uneven global backdrop. Still, investors began the year assuming a positive outcome was imminent based on signs of progress in the inflation fight, positioning markets for heightened volatility as new data points test those early assumptions. At the same time, the war in Ukraine remains a geopolitical wildcard with disruptive potential that is as difficult to gauge as its resolution is to predict.
PGIM Wadhwani Global Macro strategy is a solution that employs a systematic global macro approach designed to reduce risk, preserve capital, and provide returns with low correlations to traditional markets. The strategy can take both long and short positions in stocks, bonds and currencies. Its agile, research-based investment strategy earned top honours in the ‘UCITS – Macro’ category at the HFM European Performance Awards 2022.
Directional trading capabilities and a global investment universe consisting of equities, fixed income and currencies enable opportunistic investing across key assets with the flexibility to adjust net exposure broadly.
A comprehensive focus on risk management emphasizes downside protection, volatility targeting, security-specific risk control, and continuous correlation monitoring to manage contagion risk.
Designed to deliver low volatility and low beta to traditional markets via access to uncorrelated return sources diversified by geography, asset class, investment style and timeframe.
Drawing on decades of investment, public-policy and academic experience, the investment team performs continuous and exhaustive research to ensure its models reflect high-conviction, leading-edge insights.
Against the evolving backdrop, PGIM asset managers highlight key trends set to shape 2024 and identify opportunities that they believe show significant promise.
PGIM Wadhwani examines the diversification benefits of CTAs when the traditional 60% equity / 40% bond portfolio does poorly.
A credit squeeze for some is always an opportunity for others. Read on to hear how investors could benefit from this uncertainty.
Dr. Sushil Wadhwani CBE, Chief Investment Officer of PGIM Wadhwani, discusses how economic uncertainty is creating opportunities in liquid alternatives.
References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities. The securities referenced may or may not be held in the portfolio at the time of publication and, if such securities are held, no representation is being made that such securities will continue to be held.
The views expressed herein are those of PGIM investment professionals 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.
Any projections or forecasts presented herein are subject to change without notice. Actual data will vary and may not be reflected here. Projections and forecasts are subject to high levels of uncertainty. Accordingly, any projections or forecasts should be viewed as merely representative of a broad range of possible outcomes. Projections or forecasts are estimated based on assumptions, subject to significant revision, and may change materially as economic and market conditions change.
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