PGIM's Baribeau: Why there is 'never room for value' in portfolios

Better ways to distribute products, manager claims

The coronavirus pandemic has only accelerated growth trends and there will "never [be] room for value" in PGIM-owned Jennison's head of global equity Mark Baribeau's portfolios, the manager has said.

The co-manager of the PGIM Jennison Global Equity Opportunities fund, who has headed up the $358m vehicle since 2015, explained the crisis has only served to "accelerate or highlight" the key trends the team has been playing since the start of the year, including e-commerce, digital payments and the digital transformation of enterprises. Premier Miton's Rayner: Why we have largely avoided UK equities "The pandemic has not changed our focus at all - it has reinforced our view that these are the better ways to distribute products, these are the better ways to manage your companies and t...