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.
In inflationary times, less-correlated real estate strategies go beyond market beta to expand investors’ potential income sources. With global scale and boots on the ground in local markets, PGIM Real Estate is well-positioned to spot property market trends early and apply those insights across the investment vehicles they manage.
Past performance, including simulated performance, is not a reliable indicator of future performance. Source: Morningstar as of 30 September 2023. Please see bottom of the page for overall Morningstar disclosure.
* PGIM Real Estate is committed to the Urban Land Institute's Greenprint Center for Building Performance Net Zero Carbon Goal for its global portfolio of managed properties.
PGIM Global Select Real Estate Securities Fund - Morningstar Stars were calculated using extended performance returns, which links preinception returns to a U.S. based Fund, managed using the same investment approach, with a longer track record which begins 5 May 1998. Fees were adjusted inline with the Fund’s current expenses. Ratings 3yr 72/572, 5yr 28/471, 10yr N/A.
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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Past performance is not a guarantee or a reliable indicator of future results.
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