PGIM Investments has launched its second actively managed exchange-traded fund, the PGIM Active High Yield Bond ETF (NYSE Arca: PHYL), as it continues to expand the ETF platform created earlier this year.
PGIM has named Kathy Sayko as its next chief inclusion and diversity officer, effective Sept. 12. Sayko will succeed Cathy Verhoff, who is retiring at the end of the year.
When investors recall the third quarter of 2018, many may cite the fractures that occurred in certain corners of the fixed income market. In its fourth-quarter outlook, PGIM Fixed Income evaluates the extent of the damage, the factors that contributed to the periodic volatility, how these issues may unfold going forward, and the nature of the opportunities that lie ahead.
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