Prudential Investments has expanded its multi-sector fixed income fund line-up with the launch of the Prudential International Bond Fund, which offers investors an opportunity for income and capital appreciation through investments in a variety of sectors in global markets.
Prudential Investments is the retail distribution business of PGIM, the global investment management business of Prudential Financial.
The Prudential International Bond Fund has the flexibility to respond to changing market opportunities while presenting attractive risk-adjusted return potential relative to the broad fixed income markets. At least 80 per cent of the fund’s assets will be invested in bonds with varying maturities. The fund will invest primarily in non-US fixed income securities, and expected to attempt to limit foreign currency exposure by hedging to the US Dollar.
“The International Bond Fund joins our award winning fund line-up and adds breadth and depth to our fixed income multi-sector bond offerings,” says Stuart Parker (pictured), president of Prudential Investments. “The fund is managed by the same team that oversees the Prudential Global Total Return Fund, which is recognised as a 2016 Lipper Fund Award winner for leading the global income category over the 10-year period.”
The fund is sub-advised by PGIM Fixed Income, one of the largest and fixed income managers in the industry. Its portfolio management team averages 26 years of experience and includes Michael Collins, managing director and senior investment officer; Arvind Rajan, managing director and head of global and macro; and Robert Tipp, managing director and chief investment strategist.