PGIM expands high yield range with global fund launch

PGIM Investments has expanded its suite of Ucits high yield bond solutions with the launch of a global high yield fund.  The PGIM Global High Yield Bond Fund seeks to identify attractive high yield credits in multiple countries and currencies around the world and is designed to benefit from enhanced diversification and alpha through active regional and currency allocations absent from just U.S. or European high yield.  Managed by Robert Cignarella and Jonathan Butler, members of the PGIM Fixed Income Global Leveraged Finance Team, the Fund primarily invests in developed markets while ...