PGIM Investments launches PGIM ESG Total Return Bond Fund

By Marisa Wong

Los Angeles, Sept. 30 – PGIM Investments said it is expanding its commitment to environmental, social and governance investing with the launch of the PGIM ESG Total Return Bond Fund, its first dedicated ESG strategy offered to U.S. investors, according to a press release.

The fund seeks total return by investing in a diversified portfolio of bonds across multiple fixed-income sectors, emphasizing issuers with stronger ESG characteristics and practices than traditional intermediate core-plus bond portfolios.

The fund is managed by a team of fixed-income portfolio managers that includes Gregory Peters, Robert Tipp, Michael Collins, Richard Piccirillo and Lindsay Rosner, with an average of 27 years of investment experience.

The new fund is an alternative but complementary offering to PGIM’s $60 billion PGIM Total Return Bond Fund.

PGIM is the Newark, N.J.-based global investment management business of Prudential Financial, Inc.

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