Prudential Investments has launched the Prudential Unconstrained Bond Fund, a fixed income strategy that offers investors an opportunity to tactically invest across a wide range of fixed income sectors and securities.
Prudential Investments is the mutual fund business of Prudential Financial, Inc.
The fund is designed to appeal to investors seeking positive returns over the long term, regardless of market conditions, and provides a dynamic, flexible approach to multiple sources of potential returns while attempting to mitigate interest rate sensitivity.
The fund is sub-advised by Prudential Fixed Income, which ranks among the largest US fixed income managers, with USD560 billion in assets under management as of 31 March, 2015. The fund portfolio management team, which also manages the Prudential Total Return Bond Fund (PDBAX) and Prudential Absolute Return Bond Fund (PADAX), averages 21 years of investment experience and includes Michael Collins, managing director and senior investment officer; Gregory Peters, managing director and senior investment officer; Richard Piccirillo, principal and senior portfolio manager; and Robert Tipp, managing director, Chief Investment Strategist, and head of global bonds. The portfolio managers may use a variety of investment techniques in pursuit of the fund’s objectives, including tactical duration, credit quality, yield curve and currency management.
“This fund expands our suite of multi-sector bond products and provides investors with an attractive alternative to traditional bond funds,” says Stuart Parker (pictured), president of Prudential Investments. The fund is available in the following share classes: A: PUCAX, C: PUCCX and Z: PUCZX.