Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
PGIM David Hunt

20704

PGIM reaches USD1bn in UCITS AUM with 10 funds launched

RELATED TOPICS​

PGIM’s UCITS platform has surpassed USUSD1 billion in assets, as of 31 March, 2016, through its first 10 funds with more funds to be launched in the coming year.

The funds are based on existing strategies managed by PGIM’s wholly-owned investment managers, PGIM Fixed Income, Jennison Associates, QMA, and Pramerica Real Estate Investors. The funds are available to institutional investors or to individual investors through intermediaries and institutional fund platforms.

“Growing our UCITS product line is a significant initiative for PGIM across our multi-manager model since adopting our new brand earlier this year,” says David Hunt (pictured), CEO of PGIM. “We serve a variety of clients in Europe, across multiple asset classes and our commitment to expanding into UCITS provides yet another opportunity to extend our investment offering.”

“Institutional and high net worth clients, particularly in Europe, increasingly want access to diverse, high-yielding strategies,” says Stuart Parker, President of PGIM Investments. “Our unique multi-manager model allows us to provide clients with access to strategies that can be used to build global and cross asset class portfolios. Offering these strategies through a UCITS vehicle provides investors the benefits of liquidity and transparency within a regulatory framework.”

PGIM intends to continue expanding its diversified suite of funds by the end of 2016 to meet clients’ needs and currently offers funds in Germany, Ireland, the Netherlands, Norway and the United Kingdom, with options varying by location.

PGIM’s asset managers manage nearly USD1 trillion in assets on behalf of institutional and retail investors in 16 countries on five continents. The business operates through a multi-manager model, with each asset class managed by a dedicated leadership team, responsible for investment and business performance, while adhering to the same global standards for controls, risk management and compliance.

Latest News

Iress has announced that it has extended its partnership with Dow Jones Newswires to give..
The Financial Conduct Authority (FCA) writes that in new rules, it has set out a..
GAM has announced it has reached a definitive agreement to transfer its Management Company activities..

Related Articles

infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving the UK’s growth ambitions is increasingly on investors’ agendas...
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving..
Duncan Higgs, Bfinance
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges in investment management fees and costs across various asset classes...
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by