This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Prudential Investments Launches Global Infrastructure Fund

Prudential Investments today announced the launch of the Prudential Jennison Global Infrastructure Fund (NASDAQ:PGJAX), a fund that invests primarily in infrastructure and related publicly traded securities and companies around the world. Prudential Investments is the mutual fund business of Prudential Financial, Inc. (NYSE:PRU), offering a range of open and closed end funds.

“Global population growth and urbanization trends combined with the need to replace ailing infrastructure in developed markets has created trillions of dollars in demand for infrastructure projects,” said Stuart Parker, president of Prudential Investments. “This fund offers investors an opportunity to potentially benefit from these global trends.”

Jennison Associates’ portfolio managers Shaun Hong and Bobby Edemeka are managing the fund. Beginning with a broad universe of companies, the management team, which also includes three analysts, will focus on a smaller group of stocks based on attractive company fundamentals, emerging themes and other trends. After rigorous bottom-up, fundamental, research-based strategic analysis, the portfolio managers will build a portfolio of 70 to 90 securities. Together, the portfolio managers have been managing assets in the same strategy for institutional investors for more than five years. Their utilities investing experience stretches back more than 19 years.

While the fund uses the S&P Global Infrastructure Index as a benchmark, Hong and Edemeka use a total return strategy that looks beyond the index to define infrastructure as companies that own, operate, develop and service infrastructure assets.

“Infrastructure may provide investors with diversification within their portfolios, along with consistency, given that many of the companies in this sector provide necessary services no matter which economic cycle we’re in,” Hong said. “The fund also offers a potential hedge against inflation because infrastructure contracts often allow prices to rise with inflation.”

The fund is available in the following share classes: A: PGJAX, C: PGJCX, Z: PGJZX.

Prudential Investments offers mutual funds across a range of asset classes and sectors, including equity, fixed income, real estate, and specialty securities. Please visit http://www.prudentialfunds.com for more information.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of June 30, 2013, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.

Mutual fund investing involves risk. Some mutual funds have more risk than others. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost, and it is possible to lose money. There is no guarantee a Fund’s objectives will be achieved. Sector funds may not be suitable for all investors. Such funds are non-diversified, so a loss resulting from a particular security will have greater impact on the Fund’s return. The risks associated with each fund are explained more fully in each fund’s respective prospectus. Indices are unmanaged and an investment cannot be made directly in an index.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,270.92 -14.82 -0.08%
S&P 500 2,130.71 -0.11 -0.01%
NASDAQ 5,099.8820 +9.0880 0.18%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs