PGIM Launches Four Actively Managed ETFs

Share post:

PGIM, the $1.2 trillion investment management arm of Prudential Financial, has introduced four actively managed ETFs, with three focusing on equities and one targeting fixed income. The PGIM Jennison International Opportunities ETF (PJIO) trades on the NYSE, while the PGIM Jennison Better Future ETF (PJBF), the PGIM Jennison Focused Mid-Cap ETF (PJFM), and the PGIM Short Duration High Yield ETF (PSH) trade on the Cboe BZX.

  • PGIM Jennison International Opportunities ETF (PJIO): Targets non-U.S. companies in the early stages of accelerating growth, focusing on businesses with competitive advantages and attractive valuations. It follows a similar investment strategy to the $4.1 billion PGIM Jennison International Opportunities Fund.
  • PGIM Jennison Better Future ETF (PJBF): Aims to invest in companies addressing social and environmental challenges outlined by the United Nations Sustainable Development Goals. This includes contributions to health and wellness, technological advances for productivity and connectivity, economic inclusion, and climate action engagement.
  • PGIM Jennison Focused Mid-Cap ETF (PJFM): Invests in midsize companies across various industries and sectors with potentially durable earnings growth on an intermediate basis.
  • PGIM Short Duration High Yield ETF (PSH): Targets shorter-duration high-yield fixed-income securities rated below investment grade, with PGIM Fixed Income serving as the subadvisor.

PGIM now offers a total of 14 actively managed ETFs across equity and fixed income, reflecting the firm’s response to the increasing demand for active ETFs. Stuart Parker, President and CEO of PGIM Investments, noted that the company has aggressive plans for future product development.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...