A Changing Battlefield

Q3 2022 Market Outlooks

OUTLOOKS ACROSS ASSET CLASSES

To offer guidance on where we go from here, the following are some diverse perspectives from across PGIM’s autonomous asset management businesses, highlighting the many opportunities available to investors while also keeping an eye on the risks.

ACTIVE EQUITIES

GROWTH STOCKS TO REBOUND AMID A SLOWDOWN

A spike in inflation has forced central banks to sharply raise interest rates. In their third-quarterly outlook, Jennison Associates highlights why select growth companies are well positioned to withstand the slowdown.

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FIXED INCOME

RECESSION RISKS RIPPLE OUT

After the market drubbing in the first half, fixed income is facing a more balanced picture ahead, according to PGIM Fixed Income’s third-quarter outlook. It’s too soon to sound the all-clear on volatility, but exposure to developed market duration is becoming more compelling.

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MULTI-ASSET

STAGFLATION IS HERE. IS RECESSION NEXT?

Central banks continue to walk a tightrope as they look to address intensifying inflation but risk overtightening. PGIM Quantitative Solutions’ third-quarter outlook examines how the downshift in global growth may play out.

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REAL ESTATE

INVESTING THROUGH UNCERTAINTY

Four pillars of real estate demand support long-term net operating income (NOI) growth, according to PGIM Real Estate’s 2022 Global Outlook, a report which drills down into the team’s high conviction investment themes.

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For Professional Investors only. All investments involve risk, including the possible loss of capital.

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