PGIM Investments adds to fixed income ESG offering with total return launch

Second dedicated ESG UCITS strategy offered to non-US investors

PGIM Investments has expanded its ESG offering with the launch of a total return UCITS bond fund.

Launched today (25 February) with $25m of seed capital, PGIM Global Total Return ESG Bond invests in a portfolio of high yield and investment grade securities across the global fixed income universe Managed by Robert Tipp, Michael Collins and Matthew Angelucci, who also run the existing PGIM Global Total Return Bond fund, the new launch will target securities denominated in US dollars, euro, yen, or in other developed or emerging market currencies.  The fund will charge an OCF of 0.5%.  PGIM Investments eyes further UK business growth in 2021 after strong year It is the second d...