January 19, 2018

PGIM Investments Renames Fund Family to PGIM Funds

NEWARK, N.J., January 19, 2018 - PGIM Investments announced today that it will be renaming its domestic fund platform to PGIM Funds. Effective on June 11, 2018, retail domestic fund names will no longer include “Prudential” and will be branded “PGIM.” Renaming the funds more closely aligns them to the firm, which was renamed PGIM Investments in April 2017. 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.

January 16, 2018

Quincy Krosby: Bank earnings, budget deadline, Beige Book among potential market movers

The earnings season continues this week with important bank earnings reports from Citigroup, Bank of America, Goldman Sachs, U.S. Bancorp and Morgan Stanley, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

January 16, 2018

PGIM Fixed Income Q1 Outlook: When Fiscal and Monetary Policies Diverge

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.

January 11, 2018

Figure skating icon Scott Hamilton thanks Prudential for support of skaters with special needs

Emma Mays wasn’t one of America’s top skaters who competed at the 2018 Prudential U.S. Figure Skating Championships, but the Tennessee 10-year-old was top of mind for Olympic gold medalist Scott Hamilton as he stood rink-side to receive the $10,000 Enrichment Award from the Prudential Skating Fund. The award will support Scott’s All Stars, a program Hamilton developed for skaters like Emma with intellectual disabilities, who may not win medals but can melt hearts.

January 10, 2018

How Prudential handles a 60 percent increase in customer calls on the busiest day of the year

It’s 7:55 a.m. on a Tuesday in January at Prudential Retirement’s call center near Scranton, Pennsylvania, and the 125 or so employees in the office are in anxious anticipation. In five minutes, they and their colleagues in Dubuque, Iowa; El Paso, Texas; and the Philippines will begin the busiest day of the year, answering questions from more than 17,000 clients over the course of a 13-hour day.

January 10, 2018

PGIM Real Estate Sells Waterfront Place in Shanghai

SHANGHAI, Jan. 10, 2018 – PGIM Real Estate has sold Waterfront Place, an office property in Shanghai, China, on behalf of Asia Property Fund (ASPF) III. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

January 09, 2018

Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended November 30, 2017

Prudential Short Duration High Yield Fund, Inc. (NYSE: ISD) (the "Fund"), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended November 30, 2017.

 

January 09, 2018

Smart savings can reduce retirement financial risk, up 19 percentage points in 30 years

Half of Americans won’t be able to maintain their standard of living after retirement, according to the most recently compiled National Retirement Risk Index. Fortunately, they can take steps to avert a cash-strapped future.

January 08, 2018

Quincy Krosby: Busy market week with earnings, inflation data, Fed speakers

It will be a busy week for markets with earnings, inflation data, a parade of Fed-speak and tariff chatter in the background, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

January 06, 2018

U.S. Figure Skating announces 2018 Prudential Skating Fund recipients

U.S. Figure Skating announced the Columbine Figure Skating Club (Arvada, Co.) and the Scott Hamilton Skating Academy (Nashville, Tenn.) as the 2018 recipients of awards made through the Prudential Skating Fund. The Fund, established by U.S. Figure Skating and Prudential Financial, Inc. (NYSE: PRU), in 2013, provides $25,000 in financial support to eligible U.S. Figure Skating member clubs and/or programs that are addressing social needs or directly benefiting underserved groups and communities within the sport of figure skating.