Prudential Investments has launched the Prudential Short Duration High Yield Income Fund, a mutual fund that seeks to respond to the growing investor demand for income in a historically low yielding market.
The fund, managed by Prudential Fixed Income’s global leveraged finance team, offers investors the potential for high income and the ability to potentially benefit from attractive risk-adjusted returns in the short duration, high yield market.
“We believe the fund will help investors address the challenge of finding yield in today’s low interest rate environment, but with potentially less risk than lower-rated high yield bonds,” says Stuart Parker (pictured), president of Prudential Investments.
