PGIM launches next gen fund

To invest in 30 to 40 companies

PGIM have launched a new NextGeneration Opportunities fund which will be run by their active equity manager, Jennison Associates.

The fund will target 30 to 40 companies that are considered the next generation of high-growth opportunities across small and mid-sized companies. Benchmarked against the MSCI All Country World SMID Cap index, the fund invests in a range of industries innovating within the themes driving the next generation economy such as digital payments, e-commerce platforms and cloud computing. Kimberly LaPointe, head of PGIM Investments International, said: "Small- and mid-cap stocks tend to be less well researched than larger-capitalisation stocks, and Jennison's specialism in unearthing equity ...