PGIM has added a new product to its suite of fixed income ESG mandates with the launch of its Strategic Income ESG fund.
Classed as Article 8 under SFDR guidelines, the fund will adopt a flexible approach to portfolio construction, investing across investment grade fixed income, high-yield credit, emerging market debt, government bonds, asset-backed securities and commercial mortgage-backed securities. At time of launch, however, it has a marked underweight to US Treasuries and agency mortgage-backed securities. PGIM Strategic Income ESG - which is co-managed by PGIM Fixed Income's Michael Collins, Gregory Peters, Richard Piccirillo, Lindsay Rosner and Robert Tipp - is PGIM's seventh UCITS strategy with an...
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