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PGIM reaches USD1bn in UCITS AUM with 10 funds launched

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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.

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