PGIM repositions four funds to incorporate ESG

Wider investment remits

PGIM has repositioned four fixed income strategies to incorporate ESG principles into their stated investment objectives.

The PGIM US BB-B High Yield Bond, Emerging Market Corporate Bond, European BB-B High Yield Bond and European Corporate Bond funds will all be rebranded. The PGIM Emerging Market Corporate Bond fund is now the PGIM Emerging Market Corporate ESG Bond fund, while the PGIM European Corporate Bond Fund is the PGIM European Corporate ESG Bond fund. The remaining two funds have combined the expansion into ESG with new wider investment remits. The PGIM US BB-B High Yield Bond fund has taken on a global mandate, as well as a broader ability to invest across the sub-investment grade credit s...