PGIM Investments continues to expand its global UCITS footprint
with the addition of its first ESG equity fund joining a number of
fixed income funds incorporating an ESG process. Sub-advised by
QMA, the actively managed PGIM QMA Global Core Equity ESG Fund
evaluates the ESG status of every security in the global core
equity universe and integrates these insights into the fund, aiming
to avoid the worst ESG offenders while maintaining performance
expectations.
PGIM Investments is the global manufacturer and fund distributor
of PGIM, the $1 trillion global investment management business
of Prudential Financial, Inc. (NYSE: PRU)—a top-10 investment
manager globally.* QMA is PGIM’s quantitative equity and global
multi-asset solutions manager.
“We’re pleased to provide a new investment solution for
investors who want the potential benefit of ESG factors,” said
Stuart Parker, president and CEO of PGIM Investments. “The ESG
equity fund, like the rest of our platform, draws from PGIM’s
multi-manager model, bringing PGIM Investments’ and QMA’s
capabilities to serve a significant need for ESG products from
global clients.”
ESG investing is estimated at more than $20 trillion—or a
quarter of all professionally managed assets around the world**.
The fund joins a number of fixed income UCITS that factor ESG into
their strategies. The current UCITS platform, launched in 2013, has
grown to 28 funds. Domiciled in Ireland, the UCITS platform spans
multiple sectors in fixed income, equity and real estate with 16
country registrations across Europe and Asia. The platform has
grown to $3.1 billion in assets under management as of Sept.
30, 2018, growing 24 percent in the last year.
“Our proprietary way of looking at data allows QMA to integrate
ESG factors into portfolios aiming for performance comparable to
non-ESG holdings,” said Andrew Dyson, QMA chairman and CEO. “This
process—which also solves for the industry-wide challenge of data
sparsity when investing in ESG—is built around our time-tested core
investment strategy that identifies alpha opportunities using
value, growth and quality factors.”
Specifically, the PGIM QMA Global Core Equity ESG Fund:
- Provides the ability to substitute less
attractive ESG stocks for companies with better ESG metrics without
any change to performance expectation.
- Draws on QMA’s ESG approach and
proprietary methodology on data completion to solve the issue of
data sparsity while seeking to maximize returns.
- Employs a client-driven focus that can
be tailored to specific ESG needs with full transparency.
- Seeks to consistently capture alpha to
achieve financial objectives through fundamental insights which are
systematically applied through an actively managed, disciplined and
adaptive strategy.
- Employs a data-driven holistic approach
to ESG investing that focuses on financially relevant, material ESG
items that are both industry-specific and systemic in nature.
- Incorporates carefully crafted ESG risk
factors focused on Sustainability Accounting Standards Board
materiality and carbon emissions into its investment process.
The UCITS strategy draws upon QMA’s research recently detailed
in a study published by the company, Integrating ESG in Portfolio
Construction.
All investments involve risk, including the possible loss of
capital.
About PGIM Investments and PGIM
Funds
PGIM Investments LLC offers more than 100 funds globally across
a broad spectrum of asset classes and investment styles. All
products draw on PGIM’s globally diversified investment platform
that encompasses the expertise of managers across fixed income,
equities and real estate.
PGIM Funds plc is an Ireland-domiciled UCITS umbrella fund
serving institutional and wholesale investors across the globe. The
PGIM QMA Global Core Equity ESG Fund is currently registered in the
U.K., Germany, the Netherlands, Norway, Denmark, Finland, France,
Sweden, Switzerland (institutional only), Luxembourg, Singapore
(institutional only) and Spain. For a full list of funds available
in your region, visit pgimfunds.com.
About QMA
QMA applies a disciplined, research-driven approach that seeks
to identify and capture alpha opportunities, and combines factor
exposures to create diversified, risk-aware strategies designed for
long-term, consistent performance. Founded in 1975, QMA manages
portfolios for a worldwide institutional client base, including
corporate and public pension plans, endowments and foundations,
multi-employer pension plans, and sub-advisory accounts for other
financial services companies. As of Sept. 30, 2018, QMA had
approximately $128.1 billion in assets under management.
About PGIM
With 15 consecutive years of positive third-party institutional
net flows, PGIM, the global asset management business of Prudential
Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset
managers in the world with more than $1 trillion in assets
under management as of Sept. 30, 2018. PGIM’s businesses offer a
range of investment solutions for retail and institutional
investors around the world across a broad range of asset classes,
including fundamental equity, quantitative equity, public fixed
income, private fixed income, real estate and commercial mortgages.
Its businesses have offices in 15 countries across five continents.
For more information about PGIM, visit pgim.com.
Prudential Financial, Inc.’s additional businesses offer a
variety of products and services, including life insurance,
annuities and retirement-related services. Prudential Financial,
Inc. of the United States is not affiliated in any manner with
Prudential plc, a company incorporated in the United Kingdom. For
more information visit news.prudential.com.
*As ranked in Pensions & Investments’ Top Money Managers
list, May 2018; based on Prudential Financial, Inc. total worldwide
assets under management as of Dec. 31, 2017.
**Source: Kell, G. (2018 July). The Remarkable Rise of ESG.
Forbes.
In the United Kingdom and various other jurisdictions in Europe
information is presented by PGIM Limited, an indirect subsidiary of
PGIM, Inc. PGIM Limited is authorized and regulated by the
Financial Conduct Authority (#193418) of the United Kingdom, and
duly passported in various jurisdictions in the European Economic
Area. Funds are available for professional investors only.
Investing places capital at risk; an investor could lose some or
all of their investment. An investor must review the fund’s
prospectus, supplement and Key Investor Information Document
(“KIID”) (together, the “Fund Documents”) before making a decision
to invest. The Fund Documents are available through PGIM Limited,
1-3 The Strand, Grand Buildings, Trafalgar Square, London, WC2N 5HR
or through pgimfunds.com.
Information for persons in France: The PGIM QMA Global
Core Equity ESG Fund has been registered with the Autorité des
marches financiers (AMF) for the offer in France to professional
investors only.
Information for persons in Spain: Investments in the PGIM
QMA Global Core Equity ESG Fund should be made on the basis of the
current Fund Documents, which are available along with the current
annual and semi-annual reports free of charge. For the purposes of
distribution in Spain, the PGIM QMA Global Core Equity ESG Fund is
registered with the official register of foreign collective
investment schemes of the Spanish Securities Market Commission
Comisión Nacional del Mercado de Valores (CNMV) under registration
number 1581, where complete information is available from the PGIM
QMA Global Core Equity ESG Fund’s authorized distributors. The
purchase of shares in the PGIM QMA Global Core Equity ESG Fund
shall be made on the basis of the Fund Documents. Prior to any
purchase, investors shall receive in advance a copy of the KIID in
Spanish, latest published economic report and a copy of the report
of the planned types of marketing in Spain (“Marketing
Memorandum”). The Fund Documents, together with the Marketing
Memorandum, is available free of charge at the registered office of
PGIM Funds plc and the locally authorized distributors as well as
at the CNMV.
Information for persons in Switzerland: The prospectus,
KIID, certificate of incorporation, memorandum and articles of
association as well as the annual and semi-annual reports may be
obtained free of charge from the Swiss Representative and Paying
Agent as well as at the registered office of PGIM Funds plc. The
Swiss Representative and Paying Agent is State Street Bank
International GmbH, Munich, Zurich Branch, Beethovenstrasse 19,
CH-8027, Zurich.
© 2018 Prudential Financial, Inc. (PFI) of the United States and
its related entities. PGIM and the PGIM logo are service marks of
PFI and its related entities, registered in many jurisdictions
worldwide.
2018-478
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version on businesswire.com: https://www.businesswire.com/news/home/20181211005014/en/
MEDIA:For QMA:Judith
Flynn973-802-9939judith.flynn@prudential.com
For PGIM Investments:Lizzie
Lowe973-802-8786lizzie.lowe@prudential.com
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