PGIM launches ESG fixed-income fund

PGIM Investments said this week that its new ESG fund will complement its existing $60 billion PGIM Total Return Bond Fund.

The fund seeks total returns 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.

Stuart Parker, President and CEO of PGIM Investments (provided)

The fund, which leans on PGIM’s exclusionary ESG screens and proprietary scoring, is managed by Gregory Peters, Robert Tipp, Michael Collins, Richard Piccirillo and Lindsay Rosner. The firm’s ESG ratings . . .

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