Actively Investing Through Paradigm Shifts
PGIM asset managers highlight key trends and related opportunities that they believe warrant the most investor attention as 2025 gets underway.
PGIM asset managers highlight key trends and related opportunities that they believe warrant the most investor attention as 2025 gets underway.
PGIM asset managers highlight key trends and related opportunities that they believe warrant the most investor attention as 2025 gets underway.
PGIM Fixed Income explore the fourth quarter 2024 fixed income market outlook and portfolio positioning.
PGIM Fixed Income shares their views on the current economic environment and outlook for the fixed income market.
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PGIM Real Estate shares their views on the current global market environment and their outlook for global real estate moving forward.
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Jennison shares their views on the current economic environment and outlook.
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PGIM Quantitative Solutions shares their views on the current economic environment and outlook.
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New research suggests opportunity abounds for experienced managers in private alternatives.
In this newly created role, Appert will lead the wholesale distribution strategy in Switzerland and play a key role in PGIM's international growth ambitions.
Fixed income is back in focus, with a study of gatekeepers in Europe and Asia revealing strong expected demand for the asset class over the coming 12 months.
Morningstar Ratings
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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