Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Prudential Plc's PPM America launches family of nine mutual funds

Published 07/16/2018, 10:34 AM
© Reuters.  Prudential Plc's PPM America launches family of nine mutual funds
DBKGn
-
PUK
-
  • PPM America, an indirect subsidiary of Prudential Plc (NYSE:PUK), launches a family of nine mutual funds known as PPM funds.
  • The fixed-income funds portfolio management teams emphasize a relative value discipline and are supported by 25 corporate credit analysts and 14 asset class specialists in asset-backed securities, commercial mortgage-backed securities, mortgage-backed securities, and debt restructuring, and 14 traders. The fixed- income offerings include:
    PPM Core Plus Fixed Income Fund (PKPIX)
    PPM Credit Fund (PKDIX)
    PPM Floating Rate Income Fund (MUTF:PKFIX)
    PPM High Yield Cor Fund (PKHIX)
    PPM Long Short Credit Fund (PKLIX)
    PPM Stratetic Income Fund (MUTF:PKSIX)
  • The public equity team focuses on fundamental, bottom-up research where investment decisions are made with a long-term perspective. The equity offerings include:
    PPM Large Cap Value Fund (MUTF:PZLIX)
    PPM Mid Cap Value Fund (MUTF:PZMIX)
    PPM Small Cap Value Fund (MUTF:PZSIX)
  • Source: Press Release
  • Now read: Prudential (PUK) Presents At 2018 Deutsche Bank (DE:DBKGn) Annual Global Financial Services Conference - Slideshow


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.