Hold On: Ride the Bull
In its 1Q 2025 outlook, PGIM Fixed Income shares their views on the current economic environment and outlook for fixed income markets.
FOCUSED ON FINDING THE BEST IN GLOBAL CREDIT
Prioritising potential through dynamic exposure to credit markets.
YIELDS AND VALUATIONS HIGHLIGHT HISTORIC OPPORTUNITY
Amid the highest yields in recent memory and the steepest discounts in decades, bond investors enjoy historically compelling conditions as monetary policy appears poised to unleash favourable potential across the fixed income spectrum. With alpha prospects varying by sector, multi-sector strategies are uniquely positioned to capitalise on these conditions.
Equipped For Outperformance
EXPERIENCE AND STABILITY
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.
INTENSIVE RESEARCH
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.
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Fed Rate Cuts Bolster Case for Bonds
PGIM Fixed Income’s Greg Peters explains reasons why he continues to see a favourable backdrop for fixed income in the current rate-cutting cycle.
Now’s the Time for Active Bond Managers
PGIM Fixed Income explore the fourth quarter 2024 fixed income market outlook and portfolio positioning.
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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