PGIM strengthens suite of ESG bond funds

Effective on or about 30 September 2021, PGIM has expanded its commitment to environmental, social and governance (ESG) investing with the repositioning of four fixed income strategies. Previously, these funds utilised PGIM Fixed Income’s proprietary ESG impact rating framework to assess issuers’ impact on the environment and society. These repositionings will formalize the integration of ESG principles into the funds’ investment objectives, thereby promoting sustainability characteristics and classifying each fund as an Article 8 fund under the SFDR regulation. As a result, PGIM Investments’ suite of ESG-aligned fixed income funds now totals six.