Dynamic Trends Ignite Optimism for Growth Stocks
Jennison Associates Head of Global Equities Mark Baribeau, CFA, shares secular growth themes poised to outperform as economic growth slows.
Long-term trends that drive growth have accelerated in recent years, including shifts towards e-commerce, digital payments, and cloud services. Technology-driven changes have positioned investors to benefit this growth. In today’s rising rate cycle, the environment favors growth stocks that don’t rely on the economy to generate strong earnings.
Jennison Associates, PGIM’s fundamental equity manager, seeks to invest in the strongest quality secular growth leaders that are well-positioned for an evolving world.
Mark Baribeau, Head of Global Equity at Jennison Associates, discusses why now may be a good entry point for growth stocks.
Companies embracing innovative, disruptive technologies are pulling far ahead of struggling ‘old economy’ business models. Explore the seismic developments that are changing the way we live, work, and operate as a society.
Founded over 50 years ago, Jennison Associates’ performance-driven culture demands intellectual rigor, values diversity of experience and perspective, and rewards collaboration and cross-pollination of ideas across teams. They specialise in finding innovative growth companies around the world and investing in them with conviction based on deep fundamental research.
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PGIM Jennison Global Equity Opportunities Fund – The inception date for the PGIM Jennison Global Equity Opportunities Fund, USD I Acc is 20 March 2017. Ranking represents the fund's standing across all Europe, Asia, and Africa (EAA) funds in the Global Large-Cap Equity category, 1%=highest; 100=lowest. Morningstar rankings measure total return and do not include the effect of sales charges. The overall rating is a weighted average based on the Fund’s 3-, 5-, and 10-year star rating. Ratings 3yr 1066/1862, 5yr 77/1300, 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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