NEWARK, N.J.--(BUSINESS WIRE)--PGIM Investmentsis proud to announce that the PGIM Fixed Income portfolio managers of the Prudential Total Return Bond Fund (PDBZX) have been named Morningstar’s 2017 Fixed-Income Fund Manager of the Year. PGIM Investments is the global retail manufacturer and distributor of PGIM, Inc., the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE:PRU) – a top 10 asset manager globally.1
The two diverging factors set to unfold in 2018—a broad loosening of U.S. fiscal policy countered by gradually tightening monetary policies among some of the world’s major central banks—underscore investors’ challenge of recognizing directional cues throughout the year. PGIM Fixed Income’s Q1 2018 Outlook examines what these signals might look like across the fixed income markets, the global economy, and the various corporate sectors.
The success of the most far-reaching U.S. tax overhaul in decades will depend on whether American companies invest their tax windfall on expanding hiring and production capacity or save it for dividends and share buybacks that, while they increase shareholder value, do little for economic growth, according to three PGIM thought leaders.
In the latest edition of PGIM Fixed Income’s quarterly outlook, Nathan Sheets, PhD, Chief Economist and Head of Global Macroeconomic Research, looks at a global recovery that is often characterized as “sluggish,” but one that may ultimately be remembered for its durability.
Although the majority of the three-decade, bull market in bonds is likely behind us, PGIM Fixed Income believes fixed income, including Absolute Return Fixed Income, still provides plenty of opportunities for investors. In The Return of Absolute Return Fixed Income, Michael Collins, senior investment officer and portfolio manager for Multi-Sector Fixed Income strategies, discusses different types of absolute return fixed income portfolios and how a well-diversified, duration-constrained approach can take advantage of alpha-generating opportunities while avoiding systematic exposure to rising interest rates.