When Spreads Are Tight, Opt for Multi-Sector Credit
Actively investing across multi-sector fixed income can help mitigate volatility during macro uncertainty.
Prioritising potential through dynamic exposure to credit markets.
Yield levels and relevant risk measures suggest persistent fixed income promise at a time when geopolitical developments fuel market-moving uncertainty. A global multi-sector credit approach provides diverse fixed income exposure while equipping investors with unconstrained and comprehensive capabilities to pursue upside and avoid emerging risks as conditions evolve.
PGIM Fixed Income team was named “2025 Best Fixed Income Manager” by AsianInvestor in the Asset Management Awards 2025.
The PGIM Fixed Income multi-sector team members have an average experience of 21 years, including 18 years with the firm, managing multi-sector strategy assets totalling $256 billion.
The experienced team draws on the expertise of 150 credit analysts and 70 quantitative researchers and risk managers to contribute to bottom-up security selection combined with tactical duration, credit quality and yield curve positioning.
Actively investing across multi-sector fixed income can help mitigate volatility during macro uncertainty.
PGIM Fixed Income shares their weekly views and outlook for fixed income markets.
PGIM Fixed Income explains why current conditions warrant exposure to a diversified and dynamic global credit solution.
PGIM Fixed Income reviews this more volatile environment and opportunities beneath the surface.
The blurring lines between public and private credit are reshaping capital markets.
Sources of data (unless otherwise noted) are as of 31 December 2024.
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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