EUROPEAN OUTLOOK FOR 2025: OPPORTUNITY FORGED IN CRISIS?
Can opportunity beckon in trying times? Read on to explore the outlook for Europe across PGIM.
Q2 2025 MARKET OUTLOOKS
Resilient Growth Amid Dislocating Markets
Recession risk is rebounding as tariffs and softening consumer sentiment weigh on growth. Meanwhile, shifting policy in core areas of investor concern threaten significant market disruption. Amid mixed signals regarding inflation, interest rates and more, maintaining portfolio resilience hinges on managing risk. Combining defensive positioning with the tactical flexibility to allocate opportunistically as visibility improves readies portfolios for the uncertainty ahead.
In the materials that follow, PGIM affiliates offer insights on opportunities and risks across asset classes to help investors navigate current market conditions.
PGIM CEO David Hunt on Constructing Resilient Portfolios in 2025
Anomalies in the geographical allocation of capital, heightened geopolitical uncertainty, and election outcomes portending relaxed fiscal discipline in major market economies warrant careful consideration as investors position for the environment ahead. PGIM President and Chief Executive David Hunt shares why building resilient, diversified portfolios is more important than ever as part of his discussion of major investment themes for 2025.
DIALED IN ON DURABLE GROWTH
Jennison Associates breaks down its outlook by sector, detailing its efforts to accentuate resilient opportunities linked to secular growth trends as equity markets struggle with global trade headwinds “unprecedented in our lifetimes.”
APPEAL IN INTERNATIONAL ASSETS
As part of its multi-asset outlook, PGIM Quantitative Solutions highlights increasing strategic appeal in international assets, explaining that structural changes in Europe could help usher in a sustained rotation amid U.S. uncertainty.
WHY REITS ARE READY-MADE FOR TODAY’S UNCERTAINTY
PGIM Real Estate details attributes that give REITs an edge in today’s uncertain conditions, including defensive demand characteristics and long-term leases backed by hard assets, and evaluates opportunities across regions.
SPOTLIGHT ON 2025
On top of our usual collection outlooks by asset class, experts from our affiliates provide timely insights on topics of particular interest to fund selectors in the current market environment. The latest offerings include special reports on the European Outlook 2025 and PGIM’s Annual Best Ideas.
BEST IDEAS 2025: ALPHA OPPORTUNITIES BEYOND THE MACRO VOLATILITY
PGIM's 2025 Annual Best Ideas highlights areas where it believes investors will find promising opportunities across public and private asset classes.
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.
For compliance use only 4514443
