Shows
Speaking of Alternatives…Let's Talk Energy Mezzanine with Brian ThomasEnergy mezzanine financing occupies a unique position between credit and equity, offering growing companies access to capital without diluting ownership. In this episode, Brian Thomas, Head of Real Assets, Private Credit at PGIM, joins Keshav Rajagopalan to explore the specialised world of energy mezzanine investing. They discuss why this niche strategy matters, how it fits into institutional portfolios, and what's driving demand across conventional energy, power, and renewables. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: - Energy mezzanine financing bridges the gap between senior debt and equity, providing...
2025-11-1824 min
The Outthinking InvestorAI Hype or Hazard? The Risks Behind the AccelerationThe technology industry has spent heavily on all things AI, from training large language models (LLMs) to building up the infrastructure required to meet demand. Investments across a range of sectors with exposure to the AI boom, including cloud computing, chips, data centers and the power grid, have lifted economic growth and supported financial markets through a period of global uncertainty. One estimate from McKinsey & Co. suggests that demand for new and updated digital infrastructure will require an estimated $19 trillion in investments through 2040. Much of this capital will come from institutional investors. Supply-demand dynamics, the impact of new innovations...
2025-11-1126 min
Smart Investing by PGIM India Mutual FundEp 017 - Retirement Planning with Mutual FundsRetirement planning is a delicate balancing act between longevity and mongevity. One is the act of living longer for which one needs to focus on health for a long period starting at a young age. The other is when your money outlives you and for this too one needs to start planning at a young age. Ravi Samalad and Lisa Pallavi Barbora discuss how one should approach retirement planning and the dos and don’ts.Listen to the Smart Investing podcast series by PGIM India Mutual Fund. Mutual Fund investments are subject to market ri...
2025-11-1116 minSpeaking of Alternatives…Let's Talk Asset-Based Financing with Edwin WilchesIn this episode, Edwin Wilches, Co-Head of Securitised Products at PGIM, joins Keshav Rajagopalan, to explore the dynamic and fast-evolving world of Asset-Based Finance (ABF). As traditional boundaries between public and private credit continue to blur, they discuss how ABF is emerging as a powerful tool for financing the real economy, offering institutional investors new avenues for diversification, yield, and portfolio resilience. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: • Regulatory shifts and evolving market structures are driving growth in the US, Europe, and beyond – [06:00] • Institutional investors are tu...
2025-10-2125 minThe Outthinking InvestorFactory Reset: Investing in the Future of ManufacturingInvestors might be witnessing the biggest industrial reshoring effort in more than a generation. The global race for technological superiority—particularly around AI and critical semiconductors—is pushing both private capital and government support into ramping up domestic production. Meanwhile, shifting trade policies and geopolitical risk have ignited a realignment in global supply chains impacting a wide array of industries, from furniture to automobiles. But moving factories and building out domestic manufacturing capacity will likely face some speedbumps amid mismatches in labor, materials and costs. New innovations like factory automation bring their own set of implementation challenges. Understanding how the...
2025-10-0727 min
All the CreditFrom Buyers to Builders: Assessing the U.S. Housing Market As the post-COVID boom in housing activity transitions toward more normalized market conditions, PGIM assesses the state of the U.S. housing market. Hear our experts dissect housing fundamentals, as persistent affordability challenges and a cooler labor market collide with a structural shortage of homes and the onset of a Fed rate cutting cycle. PGIM’s Brian Barnhurst, CFA, Global Head of Credit Research, hosts this discussion with Kaustub Samant, Head of Securitized Products Research, and John Maxwell, U.S. Leveraged Finance Credit Research Analyst. Recorded on September 24, 2025.
2025-10-0729 min
Smart Investing by PGIM India Mutual FundEp 016 - Fund Return vs Investor ReturnMany investors miss noticing the difference between investment returns and investor returns. Sounds the same, right? Well, not really. The number you see on a mutual fund’s factsheet and the return you actually experience in your portfolio can be very different. Why does that happen? Is it the market? Is it timing? Or… is it us? Lisa Pallavi Barbora and Ravi Samalad help us understand why our returns often don’t match what’s advertised, and what we can do to fix that. Listen to the Smart Investing podcast series by PGIM India Mutual Fun...
2025-09-2316 minSpeaking of Alternatives…Let's Talk Alternatives in Global Wealth with Stuart Parker and Dominick CarlinoLaurie Chan is joined by Stuart Parker, Head of Global Wealth at PGIM, and Dominick Carlino, Global Head of Alternative Investments for Global Wealth at PGIM. Together, they explore the intersection of private wealth and alternative investments, offering perspectives on the ways investors are broadening portfolios beyond traditional markets. Their discussion covers the trends driving growth, the importance of education, and how innovation is reshaping access. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: • Private Wealth Is Driving the Next Wave of Growth in Alternatives – [05:00] • Democra...
2025-09-1626 minThe Outthinking InvestorThe Price of Policy: Taxes, Tariffs, and Capital Flows Fiscal policy shifts, from taxes to tariffs, are steering global capital and trade flows. The US, for instance, is attracting investments despite the tariff headlines—illustrating how the impact of these policies continues to evolve. In a dynamic policy environment, taxes and tariffs could create new implications for asset classes, sectors, and market structures. This episode of The Outthinking Investor explores macro implications from taxes and tariffs, how policy changes are shaping the way investors allocate capital, and why economic growth could be more resilient against higher tariffs than in the past. Our guests are:...
2025-09-0924 minSpeaking of Alternatives…Let's Talk Defined Contribution with Josh Cohen, Managing Director of PGIM's DC SolutionsJosh Cohen, Managing Director of PGIM's DC Solutions team, offers insights into the rapidly evolving defined contribution landscape and how alternatives may play an increasingly important role in this space. Keshav and Josh discuss the compelling arguments for integrating alternative assets into DC plans. As global policymakers evaluate the role of alternative investments in customised solutions, they consider the challenges that must be addressed. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: ● Preserving Financial Futures in DC. [3:01] ● Policy I...
2025-08-2027 minThe Outthinking InvestorStaying the Course: The Power of Long-Term Thinking in Volatile MarketsSir Isaac Newton was a legendary physicist and mathematician. But even the man known for developing the theory of gravity failed to time the market. It is said that after cashing in his shares of Britain's South Sea Company, Newton bought back into the stock right before it crashed. Avoiding the most common mistakes that harm portfolio returns is essential to success in today's markets, where volatility is testing even the most seasoned investors. While there's no single recipe for success, accomplished long-term investors tend to remain disciplined, shut out the noise from a constant whirlwind of headlines, and a...
2025-08-1222 min
Smart Investing by PGIM India Mutual FundEp 015 - Which Investment Style Does Your Fund Follow?Most of us have heard of large-cap, mid-cap, or small-cap funds, right? But did you know how a fund manager picks stocks – their style – can also impact your returns? Yup, there’s a bit of an art to it! In this episode, Lisa Pallavi Barbora and Ravi Samalad explore the different investing styles, what they mean, and why diversifying across them might just make you a smarter investor. Listen to the Smart Investing podcast series by PGIM India Mutual Fund. Mutual Fund investments are subject to market risks, read all scheme related docu...
2025-07-2212 minSpeaking of Alternatives…Let's Talk Global REIT Securities with Rick Romano, Head of PGIM Global Real Estate Securities…Let's Talk Global REIT Securities with Rick Romano, Head of PGIM Global Real Estate Securities Rick Romano, Head of PGIM Global Real Estate Investment Trust Securities, offers insights about the multifaceted nature of hybrid real estate securities and the potential benefits of REITS in investment portfolios. Keshav and Rick highlight how global real estate securities can offer a compelling value proposition for investors. This diverse investment vehicle provides a low barrier to entry into real estate, an asset class distinctly positioned at the convergence of public and private markets. ...
2025-07-1525 minThe Outthinking InvestorThe Rise of Geoeconomics: Power Dynamics Shaping Global MarketsThe House of Medici, which ruled over Florence for much of the Renaissance period, established a political dynasty with influence built on successful ventures in commerce and banking. The Medicis predated the concept of geoeconomic power, or governments' ability to wield economic might to achieve geopolitical and economic goals. Today, soft power might be giving way to intensifying competition between great powers. Government leaders are increasingly focused on solidifying economic security through trade leverage, tariffs, sanctions and other measures. As a result, potential new investment risks and opportunities are emerging. This episode of The Outthinking Investor discusses...
2025-07-0826 min
Fixed on ESGBehind the Seams: Unraveling Fast Fashion's ESG Challenges This episode of Fixed on ESG unravels the perils of fast fashion, the environmental footprint, transparency challenges, and opportunities for innovation. We highlight the role of different stakeholders across the value chain in driving change towards a more sustainable future. Samantha Van Belle, ESG Specialist at PGIM Fixed Income, hosts this discussion with Alice Roche-Naude, Sustainability Strategy Director at Futerra, and Nuvneet Dhillon, CFA, ESG Specialist at PGIM Fixed Income. Recorded on June 12, 2025.
2025-06-2420 minSpeaking of Alternatives…Let's Talk Healthcare Equity Investing with Dan Matviyenko, Portfolio Manager with JennisonDan Matviyenko, Healthcare Portfolio Manager at Jennison, offers insights and strategies on navigating the complex and dynamic landscape of healthcare equity investing. Laurie Chan, PGIM's U.S. Head of Alternative Solutions, and Daniel explore healthcare equity, focusing on macroeconomic forces, supply chain vulnerabilities due to trade tensions, the role of AI, and generating alpha from long and short positions. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: ● Healthcare Equity Investing offers a Spider Web of Opportunity. [3:04] ● The Role of...
2025-06-1833 minThe Outthinking InvestorBalancing Growth, Costs, and Geopolitics in AirlinesAirlines represent one of the most challenging and complex industries in today's economy. With thousands of flights moving people and cargo around the world every day, airlines manage a "complicated logistical dance," as Oscar Munoz, United Airlines' former Chairman and CEO, tells us in this episode of The Outthinking Investor. The airline industry has adapted and evolved through technological innovation, consolidation, regulatory changes, and an increasingly competitive transportation sector—providing universal lessons for businesses and investors. Amid a turbulent outlook, this episode explores how airlines are addressing a host of business challenges, from the threat of aircraft ta...
2025-06-1022 min
Smart Investing by PGIM India Mutual FundEp 014 - SIP or Lumpsum – What Works in a Volatile MarketEquity markets have been volatile in the recent past. Sharp corrections are a good opportunity for investors to invest lumpsum or top up their existing investments. On the other hand, SIPs are useful in a volatile market as they help you get more units when markets fall. Lumpsum investing is another option for investors but it can be a bit risky if markets were to fall immediately after investing. Both options have their pros and cons. In this episode, Lisa Pallavi Barbora and Ravi Samalad discuss how to use SIP and lumpsum investing to r...
2025-05-2214 minSpeaking of Alternatives...Let's Talk Mexican Industrial Real Estate with Enrique Lavín, Head of PGIM Latin AmericaEnrique Lavín provides critical insights into investing in Mexican industrial real estate by leveraging his market expertise and corporate finance/risk-opportunity background. Laurie Chan, PGIM's Head of Alternative Investments, speaks with Enrique about the resilience of the Mexican Industrial Real Estate sector amidst U.S. trade volatility, nearshoring dynamics, and broader macro investment trends. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: ● Trade tariff impact on the Industrial Mexican Real Estate Sector. [3:07] ● Significant Nearshoring Opportunities in Mexican I...
2025-05-2016 minThe Outthinking InvestorTariffs, Sanctions & Chokepoints: Investing in an Age of Economic WarfareCritical shipping routes around the world, from the Panama Canal to the Bosphorus Strait, hold strategic importance for global trade. As a result, these chokepoints are often caught in the crosshairs of geopolitical competition. But in a new age of economic warfare, invisible chokepoints are also emerging. The dominance of the US dollar, economic sanctions, and tariffs on imported goods can all be leveraged to achieve political goals. Meanwhile, nations are laying out plans to increase defense spending—potentially altering the outlook for productivity, industrial activity, and economic growth. With economic warfare becoming a lasting feature of th...
2025-05-1327 minSpeaking of Alternatives...Let's Talk Reinsurance with Mike Thompson of Warburg Pincus & Nandini Mongia of Prismic LifeNandini Mongia is the Group Executive Chair and CEO of Prismic Life, and Mike Thompson is the Managing Director of Warburg Pincus and Head of Capital Solutions for Europe. Nandini has nearly three decades of financial and business experience supporting the insurance and reinsurance industry. Mike has 20 years of private investment experience. Keshav, Nandini, and Mike discuss the fundamental role of reinsurance in managing risk, offering financial protection, and enabling growth within the insurance industry. Moving forward, global trends indicate a growing interest and allocation towards alternative investments and private investments. Prismic Life Reinsurance, Ltd...
2025-04-2224 minThe Outthinking InvestorTrading Up: How Active ETFs Revolutionized InvestingExploring the continued evolution of the ETF landscape, fueled by rapid growth in active ETFs and an expanding universe of investment choices. ETFs, or exchange-traded funds, were born out of a need for greater market liquidity following the 1987 stock market crash known as Black Monday. US regulators determined that institutions needed the ability to trade stocks more efficiently and cost-effectively during trading days. In 1993, the first ETF in the US emerged: SPY. With one trade, investors could buy or sell a basket of stocks that tracked companies in the S&P 500. ETFs have since revolutionized...
2025-04-0825 min
Smart Investing by PGIM India Mutual FundEp 013 - 5 Powerful Ways To Manage Your Debt EffectivelyThe Indian household debt has been increasing over the past three years, shown an RBI report. It increased to 41% of GDP in FY24 from 37.9% in FY23 and is estimated to have reached 43.5% in the first half of FY25. The report identified three primary purposes for household borrowing. The first is consumption, which includes personal loans, credit card debt, loans for consumer durables and other personal loans. The second is asset creation, covering mortgage loans, vehicle loans, and two-wheeler loans. Lastly, productive activities, such as loans for agriculture, business ventures, and education, also form a significant part of household borrowing...
2025-03-2420 minSpeaking of Alternatives...Let's Talk Alternatives within Portfolio Construction with Alfred Lerman & Mao DongAlfred Lerman is the Chief Investment Officer at PGIM Multi-Asset Solutions and Mao Dong is the Co-Head of Portfolio Management at PGIM Multi-Asset Solutions. Alfred is passionate about optimizing portfolios through a thoughtful balance of risk and return objectives. Mao's strength is in customizing portfolios based on unique client objectives. Keshav, Alfred, and Mao discuss the strategic integration of alternative investments in portfolio construction. Their analysis highlights the unique potential for portfolio customisation through the synergistic blend of private and public asset classes, coupled with robust risk mitigation strategies via meticulous underwriting and stringent covenants. ...
2025-03-1823 minSpeaking of Alternatives...Let's Talk Core Plus Real Estate Investing with Darin BrightDarin Bright is the Head of Core Plus Strategies at PGIM Real Estate. Darin is passionate about real estate investing and cultivating strong relationships within the investment community. Keshav and Darin examine the tangible aspects of real estate, including its durability, which make it an appealing and accessible component of a diversified portfolio. They discuss the opportunities new technologies and U.S. demographics bring to a diverse Core Plus Real Estate strategy. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: ● A New Cycle for Returns on Real Es...
2025-02-2024 minThe Outthinking InvestorThe New Arms Race: Supply Chains, Data, and National SecurityThe world's superpowers are engaging in a different type of arms race beyond the battlefield. With technology advancing at a speedy pace, a global competition for all the ingredients necessary to support artificial intelligence—from data centers and semiconductors to the AI models themselves—is heating up. Not only do these ingredients form the building blocks of today's economy, but building a secure and reliable flow of data is also considered a key national security objective. The UK designated data centers as critical national infrastructure in 2024, underlining how governments are now prioritizing energy supply, cybersecurity, and efforts to guard the...
2025-02-1225 minSpeaking of Alternatives...Let's Talk Investing in Infrastructure with Bill PappasBill Pappas is the Managing Director and Head of Core Infrastructure and Structured Credit at PGIM Private Capital. As a veteran of structured credit and finance within the infrastructure industry, he shares a wealth of experience in this episode. Keshav and Bill explore the nuanced infrastructure investment landscape through the lens of private capital and alternative investments. Their discussion covers the political and regulatory landscape, the impact of technology on energy infrastructure, and how structured solutions can enhance portfolio diversification within this complex but tangible asset class. Subscribe to Speaking of Al...
2025-01-2227 minThe Outthinking InvestorAgainst the Grain: Challenging Conventional Wisdom for Better OutcomesEdward Lorenz, a meteorologist and mathematician, formulated a theory called the butterfly effect—based on a hypothetical scenario in which a butterfly, simply by flapping its wings, affects a tornado weeks later. The butterfly effect illustrates how small actions in complex systems can lead to big changes, underscoring the challenges in making forecasts. This is particularly relevant for investors. A complex global economy often takes unexpected turns, and macro disruptions and uncertainty present challenges for those navigating financial markets. But with this knowledge, investors could make better decisions by challenging conventional wisdom and taking a long-term view. Th...
2025-01-0623 minSpeaking of Alternatives...Let's Talk 2024 Alts Report with Matt Harvey, Sebastiano Ferrante, and Stephan WesselToday's panel consists of Matt Harvey, Head of Direct Lending at PGIM Private Capital, Sebastiano Ferrante, Head of Europe at PGIM Real Estate, and Stephan Wessel, Managing Partner at Montana Capital Partners, a private equity secondary mid-market specialist affiliate of PGIM. Keshav and the panel examine the findings of the 2024 Alts Report to understand how institutional investors are positioning their portfolios for a risk-on environment. The discussion covers topics such as target allocations to alternatives, geographic diversification, strategy selection, and the factors influencing investment decisions. Subscribe to Speaking of Alternatives on your favourite podcast platform.
2024-12-1734 minSpeaking of Alternatives...Let's Talk Emerging Market Trends with Mariusz BanasiakMariusz Banasiak, CFA, a Managing Director and Head of Local Currency Rates and FX for PGIM Fixed Income's Emerging Markets Debt Team discusses the opportunities and challenges of this rapidly changing field. Emerging market debt is highly volatile, influenced by macroeconomic, geopolitical, and local currency factors. This creates both significant risk and potential reward. Keshav and Mariusz discuss the factors that influence investments in this multifaceted debt class and forecast potential opportunities and challenges. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: ● Experts Maxi...
2024-11-2020 minThe Outthinking InvestorBalancing Act: Economic Policy and National Security in a Fragmenting WorldItaly surprised much of the world when it became the first—and only—member of the G7 to join China's Belt and Road program in 2019. Just four years later, Italy withdrew from the initiative. The about-face served as a microcosm of the geopolitical landscape's evolution. Policymakers have long viewed the economy through a geopolitical lens. But the overlap between the economy and national security has grown, increasingly becoming the focus of today's geopolitical fractures amid global competition over trade, technology and defense. This episode of The Outthinking Investor explores the ways in which nations are balancing economic and...
2024-11-1225 minSpeaking of Alternatives...Let's Talk Data Centers with Jim FoothJim Footh, Managing Director, Data Center Investments & Portfolio Management at PGIM real estate, discusses the fast-growing investment potential of data centers, and how AI is further fueling this trend. Data centers are one of the fastest-growing areas within real estate investing. Growth is driven by the increasing digitization of our lives and the evolution of AI. Demand for data center builds has various considerations including location, sustainable power, and tenant segments. Keshav and Jim explore the opportunities inherent in this exponential increase in the need for power. Subscribe to Speaking of Alternatives on y...
2024-10-2922 min
Fixed on ESGAdvancing Affordable Housing The rising cost of housing has brought into full view the need for more affordable housing solutions. Fannie Mae's new Mission Index aims to assist the housing market by enhancing transparency and supporting disadvantaged borrowers. This episode of Fixed on ESG explores the Mission Index and Social Bond Framework for single-family RMBS pools, looking at pool composition, prepayment performance, the collaborative effort behind the launch, and more. David Klausner, ESG Specialist at PGIM Fixed Income, hosts this discussion with Nick Sapirie, Vice President of Single-Family Capital Markets at Fannie Mae, and Kaustub Samant, Head of Mortgage Credit...
2024-09-2326 minSpeaking of AlternativesThe Exponential Demand for Data Centers with Jim Footh, Managing Director of Global Data Center Investments at PGIM Real EstateEric Adler, President & CEO of PGIM Private Alternatives, explores the fast-moving world of data center investing with Jim Footh, Managing Director of Global Data Center Investments at PGIM Real Estate. Data centers are one of the fastest-growing areas within real estate investing. Growth is driven by the increasing digitization of our lives and the evolution of AI. Demand for data center builds has various considerations including location, sustainable power, and tenant segments. In this episode, Eric and Jim explore the headwinds and tailwinds in the data center landscape, and where opportunity can be uncovered. . Subscribe...
2024-09-1824 min
Fixed on ESGDebt-for-Nature Swaps: Unlocking Capital for ConservationDebt-for-nature swaps have come to the forefront as a unique solution for both environmental conservation and debt alleviation. In this episode of Fixed on ESG, we are joined by The Nature Conservancy, an organization that's aided in structuring several of these types of instruments. Together, we examine their role in alleviating the post-pandemic debt surge in developing economies, the environmental benefits of these instruments, and challenges for investors and measuring effectiveness. Yacine Rachid, ESG Research Analyst at PGIM Fixed Income, hosts this discussion with Slav Gatchev, Sustainable Debt Managing Director at The Nature Conservancy (TNC), and Armelle...
2024-09-0337 min
Money Buddy by PGIM India Mutual FundEp 011 - Boost Your Wealth: The Power of a Higher Savings RateIn this episode of the Money Buddy podcast, brought to you by Money and Me, an investor education initiative by PGIM India Mutual Fund, host Ahalya is joined by Ajit Menon, CEO of PGIM India Mutual Fund. They discuss the often overlooked yet crucial factor in financial success: the savings rate. While many investors focus solely on portfolio returns, Ajit emphasizes the power of increasing one's savings rate to achieve long-term financial goals, particularly retirement. He shares personal anecdotes and examples to illustrate how even modest savings can grow significantly over time when compounded, s...
2024-08-2015 minSpeaking of Alternatives...Let's Talk Affordable US Housing with Soultana ReigleSoultana Reigle, Head of U.S. Equity and Senior Portfolio Manager for U.S. Value-Add Strategies at PGIM Real Estate, traverses one of the great societal challenges in the U.S. and globally, the affordable housing market and its complex economic challenges. This conversation traverses one of the great societal challenges in the U.S. and globally; the affordable housing market. Identifying locations and building quality affordable housing is essential for those attracted to long-term investment returns while fulfilling a vital need for communities and society. Discover the benefits a skilled market analysis can bring to institutional...
2024-08-2021 minThe Outthinking InvestorInvesting In Cities: Private Capital's Growing Role In Urban Development Cities have faced a host of challenges over the course of history, such as affordable housing, transportation, public safety and economic opportunities. In today's rapidly changing global economy, these challenges are becoming increasingly complex, with cities needing to adapt to technological advancements, climate risks, and fluctuating fiscal policies. The most successful cities are dynamic and adapt to changing circumstances. Consider Pittsburgh, Pennsylvania, as a prime example. Once known for its manufacturing might, Pittsburgh had to reinvent itself after the collapse of the steel industry in the 1980s. The Steel City successfully mounted a turnaround by becoming an innovation hub...
2024-08-1325 minMoney Buddy by PGIM India Mutual FundEp 010 - Making the Best of Your Financial Sarathi aka Financial Advisor.Welcome back to another insightful episode of PGIM Money Buddy, brought to you by ‘Money and Me’, an investor education and awareness initiative by PGIM India Mutual Fund. In this episode, Ajit Menon, CEO of PGIM India Mutual Fund delves deep into the invaluable role of a financial advisor, or as he likes to call them, your financial sarathi.Ajit shares his unique perspective by drawing parallels between the epic tale of the ‘Mahabharata’ and your financial journey, highlighting how a trusted advisor can guide you like Krishna guided Arjuna. ...
2024-07-3016 minSpeaking of Alternatives…Let's Talk Agriculture with Jamie ShenJamie Shen, Managing Director and Head of Agriculture at PGIM Real Estate, explores the transforming landscape of agricultural debt and equity, examine the mitigation of climate risk for investors and explore the balance of labor and mechanization in agriculture. This conversation provides the foundational principles at the core of agricultural investing and the challenges and opportunities available of an asset class that institutional investors are increasingly recognising as a long-term income producer with inflation-protected characteristics. Increase your knowledge of how the United States is mitigating climate risk and the income opportunities of renewable energy in t...
2024-07-1621 minThe Outthinking InvestorRetirement at Risk: New Ideas for an Uncertain FutureIn the middle of the Great Depression, President Franklin Roosevelt spearheaded the creation of Social Security, forever changing the US retirement system and how Americans think about long-term savings. Only a few pensions existed at the time, and Social Security was the first government-backed program to provide for the basic welfare of all seniors. The retirement landscape in the US—and around the world—has no doubt undergone massive change since the days of FDR. DC plans have significantly improved the retirement outlook, and an estimated 54.3% of American families now participate in some form of retirement plan such as a 40...
2024-07-0929 min
Smart Investing by PGIM India Mutual FundEp 007 - Sector fundsIf you have been observing the market, PSUs shares have been in the limelight in the last one year. As investors, one may be tempted to invest in PSU stocks. This is where sector funds come into play. They invest in one particular sector or theme such as PSUs, technology, pharma and so on, which helps you take a dedicated exposure to one sector or theme.Lately, many fund houses are launching thematic/sector funds. The Assets under management in the sector/thematic fund category have increased by almost 80% in one year from 1.82 lakh crore in May 2023...
2024-06-2616 minSpeaking of Alternatives...Let's Talk Direct Lending with Matt HarveyMatthew Harvey, Head of the Direct Lending business for PGIM Private Capital, highlights the importance of experienced asset managers in navigating the direct lending landscape and sheds light on the steady increase of capital flowing into this evolving credit market. Subscribe to Speaking of Alternatives on your favourite podcast platform. Key Takeaways: ● Opportunities in Direct Lending [2:19] ● Asset Managers with Direct Lending Experience [5:02] ● Speed of Capital Deployment [9:17] ● Ever-Evolving Forms of Capital [12:38] ● Challenges of Private Debt Illiquidity [13:58] Find Out More About Alternative Investing: PGIM Priva...
2024-06-1721 min
Fixed on ESGPart 2: Navigating the Low Carbon Transition with Temperature Alignment Tackling the intricacies of ESG investing in a warming world is a top challenge for today's investors. In the second half of this two-part series, we explore the practical application of temperature alignment in investment strategies, detail the limitations of third-party ESG data, and introduce PGIM Fixed Income's proprietary Temperature Alignment Tool, which offers a nuanced assessment of a company's climate impact. This episode features PGIM Fixed Income's Ruth Klavert, Client Manager, and James Malone, CFA, ESG Specialist. Recorded on June 3, 2024.
2024-06-1326 min
All the CreditThe Business of Bonds with PGIM Fixed Income’s Co-CIO Bonds are back and with fixed income gaining interest with investors, we’re taking an introspective look at our investment process and how we’re navigating current market dynamics here at PGIM Fixed Income. We touch on our scenario-based approach, investment views, the fixed income opportunity set we see ahead, and what it means for us as we construct portfolios. This episode features PGIM Fixed Income’s Greg Peters, Co-Chief Investment Officer, and host, Brian Barnhurst, CFA, Head of Global Credit Research. Recorded on May 31, 2024.
2024-06-1139 minThe Outthinking InvestorThe Paradox of Diversification: The 60-40 Portfolio's FutureHarry Markowitz, the legendary economist and father of modern portfolio theory, has been credited with saying that diversification is the only free lunch in investing. However, his work on the efficient frontier shows that investors give up expected returns to lower expected risk. This may make diversification even more compelling. With uncertainty becoming a prevailing theme in financial markets and the global economy, focusing on the benefits on diversification could prove valuable for investors. The 60-40 portfolio may have lost its luster in the broad market selloff of 2022, but allocating across a diverse mix of assets is crucial in...
2024-06-1125 minSpeaking of Alternatives…Let's Talk Private Equity Secondaries with Dr. Marco WulffDr. Marco Wulff, CEO, Managing Partner, and co-founder of Montana Capital Partners AG, discusses the advantages and challenges of the private equity secondary market, global prospects, and the recent explosive growth of this private investment strategy. Subscribe to Speaking of Alternatives on your favorite podcast platform. Key Takeaways: ● Diverse Opportunities of Secondaries [2:58] ● Liquidity in Private-Equity Secondaries [5:33] ● Advantages and Risks of Alternatives [7:03] ● U.S., European, and Asia Market Potential [10:05] ● Three Factors Affect Leverage Strategies [13:33] Find Out More About Alternative Investing: PGIM Private Alternativ...
2024-05-1419 minThe Outthinking InvestorA Pension Comeback? The Future of Retirement in a Higher-For-Longer RegimeMillions of college students across the US graduate each spring and enter the workforce. When today's retirees entered the workforce in the early 1980s, pension plans and Social Security benefits were two of the main sources of retirement income. Just a couple decades later, defined benefit (DB) plans were overtaken by defined contribution (DC) plans such as 401(k)s, and an aging population was slowly depleting the Social Security Trust Fund. This was a massive shift in a relatively short period of time, and it forever changed one of the most important and challenging aspects of personal finance.
2024-05-0725 minSpeaking of Alternatives…Let's Talk Value-Add Equity Real Estate Investing with Sebastiano FerranteSebastiano Ferrante, Head of Europe at PGIM Real Estate, discusses Europe's alternative investment landscape, prevailing market dynamics currently influencing institutional investing, and the risk-reward trade-off in value-add equity real estate investing. Subscribe to Speaking of Alternatives on your favorite podcast platform. Key Takeaways: ● The Art of Being a Great Real Estate Investor [1:49] ● Current Investor Hot Spots [4:20] ● Europe's Compelling Real Estate Market [7:54] ● Investors' Questions Answered [10:25] ● Top Three Investor Insights [16:21] Find Out More About Alternative Investing: PGIM Private Alternatives reales...
2024-04-1519 min
Smart Investing by PGIM India Mutual FundEp 005 - How to Select Equity Funds For Your Portfolio?In life we are inundated with choices – whether it’s the choice of clothes, the colour and brand of cars, perfumes, the list can go on. Clearly, there’s a wide variety of options available today in every sphere of life which can be sometimes overwhelming. Similarly, we have a wide variety of investment options within the mutual fund industry. In this episode, Personal Finance Expert Lisa Pallavi Barbora and Ravi Samalad from PGIM India Mutual Fund discuss, how one can select the right equity mutual funds for one’s portfolio from the 11 categories....
2024-04-1221 min
Money Buddy by PGIM India Mutual FundEp 009 - Overcoming concentration riskRisk concentration is an important aspect to get a hold of when it comes to managing your wealth, personal finance planning and getting to where you want to be. But it's also one of those things that is often less understood or maybe misunderstood. So, in this episode of Money Buddy, Ajit Menon, CEO, PGIM India Mutual Fund, is here to clarify some of that for us on today's podcast.Disclaimer:Money Buddy Podcast. Brought to you by Money & Me, an investor education and awareness initiative by PGIM India Mutual Fund.
2024-04-1112 minSpeaking of AlternativesTrailer: Speaking of AlternativesSpeaking of Alternatives is an original podcast from PGIM, providing a global perspective on the rich and diverse landscape of alternative investments. Each month, guests join host Eric Adler, President and CEO of PGIM Private Alternatives, to cut through the complexities and get to the heart of alternative investing. Together they look beyond the headlines and scrutinise the latest trends and strategies driving this important asset class.
2024-04-1000 min
Fixed on ESGThe Elephant in the Room: Overcoming Biodiversity Data Challenges The vital role of biodiversity across social and economic dependencies has captured the attention of ESG investors. With biodiversity in focus and a surge of new datasets to inform investment considerations, we explore how biodiversity is measured, approaches to investing in nature, how we tackled some of the complexities in biodiversity data when redesigning PGIM Fixed Income's Sovereign ESG Impact Rating framework, and aspirations for the future of biodiversity investing. This episode features Filippo Grassi, Data Analyst for Planet Tracker, and host, Alistair Shepheard-Walwyn, ESG Specialist for PGIM Fixed Income. Recorded on March 8, 2024. The views...
2024-04-0241 minMoney Buddy by PGIM India Mutual FundEp 008 - Ajit deep dives into how inflation impacts our householdIn this episode of Money Buddy, Ajit Menon, CEO, PGIM India Mutual Fund, talks about a topic that affects all of us and is the number one enemy of our hard earned money, which is inflation. Ajit deep dives into how inflation impacts our household and how one can invest in the right asset classes that can beat inflation over long run.Disclaimer :Money Buddy Podcast. Brought to you by Money & Me, an investor education and awareness initiative by PGIM India Mutual Fund.All...
2024-03-2019 minThe Outthinking InvestorS4 Trailer: The Outthinking InvestorIn this environment of uncertainty, it's more important than ever for investors to think outside the box. Welcome to The Outthinking Investor, an award-winning podcast from PGIM that examines past events, present-day opportunities, and future possibilities across global capital markets. In Season 4, hosted by Toby Ricketts, experts from PGIM and the investment world bring unique perspectives as we explore a fast-changing landscape of investment opportunities and risks. Join us as we take a deep dive into the portfolio implications of a changing world.
2023-12-2201 minThe Outthinking InvestorHelp Wanted: Four Forces Transforming Labor MarketsThe invention of the spinning jenny in 1764 upended the textile industry—and the women who earned a living weaving cotton and preparing fabrics in their homes. Suddenly, these jobs became obsolete. Just as the industrial revolution had a profound impact on how people worked and lived, structural forces are transforming global labor markets today, from slowing globalization to the advent of generative AI. The evolution of labor markets is poised to reshape the macro landscape in the years to come, posing broad implications across the investment portfolio. In this episode of PGIM's The OUTThinking Investor, we talk to...
2023-11-2728 min
PGIM India Insights by PGIM India Asset ManagementEp 007 - PGIM India Alternatives will provide high conviction themes to capture structural growthIn this podcast episode, Abhishek Tiwari, Chief Business Officer, PGIM India Asset Management, talks about the company’s new initiative in the alternatives space and how PGIM India Asset Management is positioned to capture these opportunities. Moderated by Ankit Jain.
Tune in to the PGIM India Insights podcast series by PGIM India Asset Management. Stay tuned to get more such insights.
2023-10-1910 minMoney Buddy by PGIM India Mutual FundEp 007 - How to select a good financial advisorEven the most experienced investors can face personal biases while making financial decisions on their own. Each individual is unique in terms of risk tolerance and goals and this requires a bespoke solution. In this episode of Money Buddy podcast, Ajit Menon, CEO, PGIM India Mutual Fund, shares his perspective on how financial advisors can help investors realise their life goals and how to go about selecting a good Advisor/Mutual Fund Distributor.Log on to https://moneyandme.pgimindiamf.com/ to get curated content on personal finance that is in...
2023-10-1315 min
Smart Investing by PGIM India Mutual FundEp 001 - 5 steps to Build your Emergency Fund with Debt Mutual FundsAn Emergency Fund helps you tap into your savings when you have to incur an unplanned expense or take care of your non-negotiable monthly expenses during a temporary loss of income. In this maiden episode of Smart Investing series, Lisa Pallavi Barbora, a Financial Coach and Personal Finance Expert, discusses the importance of creating an emergency fund, where to invest and shares five simple steps to create an emergency fund corpus. Listen to the Smart Investing podcast series by PGIM India Mutual Fund. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
2023-09-3000 minMoney Buddy by PGIM India Mutual FundEp 006 - How to invest in Global CompaniesMany investors tend to have a home bias – they invest majorly in domestic assets and thus lose out on owning international business/themes that are not available in Indian markets. In this episode of Money Buddy, Ajit Menon, CEO, PGIM India Mutual Fund, takes us through why investors should consider investing beyond Indian markets and the options available to diversify their portfolios in international stocks.Log on to https://moneyandme.pgimindiamf.com/ to get curated content on personal finance that is in sync with your life stage.All M...
2023-08-3115 minMoney Buddy by PGIM India Mutual FundEp 005 - Automate your portfolio with Balanced Advantage FundsBalanced Advantage Funds dynamically adjust their equity and fixed income exposure based on a pre-determined formula. If you wish to be saved from the hassle of managing your asset allocation on your own, consider Balanced Advantage Funds. In this episode, Ajit Menon, CEO, PGIM India Mutual Fund, explains how Balanced Advantage Funds (BAFs) work and how they can automate your portfolio’s asset allocation. Log on to https://moneyandme.pgimindiamf.com/ to get curated content on personal finance that is in sync with your life stage.All M...
2023-08-1610 minMoney Buddy by PGIM India Mutual FundEp 004 - Overcome volatility with buy and hold strategyMany traditional Indian investors are not familiar with the ups and downs associated with market-linked products like mutual funds and as a result enter and exit funds at the wrong time. This constant churn disturbs the compounding power of the portfolio.Tune into this episode of Money Buddy where Ajit Menon, CEO, PGIM India Mutual Fund, talks about how to overcome this behavioural challenge by adopting a buy and hold strategy. Log on to https://moneyandme.pgimindiamf.com/ to get curated content on personal finance that is in sync wit...
2023-07-0514 min
Fixed on ESGEnergizing a Greener Future with Clean Hydrogen and the Northeastern Regional Clean Hydrogen Hub Clean hydrogen has garnered considerable attention in recent years due to its potential to address hard-to-decarbonize sectors—or—as James Malone, CFA, ESG Specialist, and host of this month's podcast likes to refer to them, "hard-to-electrify sectors." These are sectors where electrification has historically been—for a variety of reasons—less attractive, less commercial, or simply not viable. In this episode of PGIM Fixed Income's Fixed on ESG, James hosts special guest Catherine Klinger, Executive Director at the New Jersey Governor's Office of Climate Action and the Green Economy, for a conversation on hydrogen and the Northeastern Regional...
2023-06-1429 minThe Outthinking InvestorFuture of Food: Vast Implications for Investors From growing rice on Mars to developing new farming techniques here on Earth, the future of food is rapidly evolving. The global food system—spanning farms, factories, grocery stores and more—is a complex network that has far-reaching economic implications. It is also inefficient and increasingly unfit for purpose, encouraging innovation across the value chain that will give rise to attractive investment opportunities. In the newest episode of PGIM's The OUTThinking Investor, we take a deep dive into the world of food and its portfolio implications—whether seeking opportunities or mitigating hidden risks. Three experts provide unique perspe...
2023-06-1327 min
Money Buddy by PGIM India Mutual FundEp 003 - 5 key things to focus on for Financial FreedomDid you know, retirement is the only life goal for which you don’t get a loan? Tune into this episode of Money Buddy where Ajit Menon, CEO, PGIM India Mutual Fund, talks about the importance of planning for financial freedom. Know how to monetize your skills to generate income during retirement, build your retirement kitty and lead a purposeful life.Log on to https://moneyandme.pgimindiamf.com/ to get curated content on personal finance that is in sync with your life stage.All Mutual Fund investors have to go through a one...
2023-06-0912 min
Money Buddy by PGIM India Mutual FundEp 002 - The 7 asset classes that help you diversify.In an increasingly interconnected world, holding a diversified portfolio can provide a better outcome. Asset allocation is the holy grail of diversification but how does one go about achieving optimal diversification by identifying the right asset classes. Get answers to all your questions on building a sound portfolio from Ajit Menon, CEO, PGIM India Mutual Fund. In this podcast, Ajit discusses the 7 asset classes that help you diversify and achieve your life goals.Log on to https://moneyandme.pgimindiamf.com/ to get curated content on personal finance that is in...
2023-05-1710 minThe Outthinking InvestorDavid Rubenstein: Investing with a PurposeWatch the video version of this episode by visiting www.pgim.com/david-rubenstein. Private markets represent a fast-growing asset class with unique opportunities for investors. The growth of private equity in particular has transformed the investment landscape over the last several decades. Private equity assets more than doubled over the course of a decade to reach $11.5 trillion by 2021. David Rubenstein, co-founder of The Carlyle Group, has played a prominent role in the evolution of private equity. His work beyond Carlyle is just as monumental—from advocating for broader investor and civic education to preserving historical tr...
2023-05-0934 min
Money Buddy by PGIM India Mutual FundEp 001 - Thumb rules of InvestingPlanning for your life goals becomes easy when we follow the thumb rules of investing. In this episode, Ajit Menon, CEO, PGIM India Mutual Fund, explains the sequence one should follow when it comes to managing your finances – household budgeting, protecting your family through insurance, creating an emergency corpus, and finally investing. Tune in to Money Buddy podcast to get simple and actionable insights to manage your finances and invest smartly. Log on to https://moneyandme.pgimindiamf.com/ to get curated content on personal finance that is in sync with your life stage. All Mutu...
2023-04-1812 min
Fixed on ESGThe Unaffordable Truth: A Look at the Affordable Housing CrisisThe existing stock of affordable housing in the U.S. is becoming largely obsolete at the same time the development of replacement properties has lagged. As a result, the affordable housing supply in the U.S. is in crisis. In this episode of PGIM Fixed Income's Fixed on ESG, David Klausner, ESG Specialist, sits down with Ola Hixon, Executive Director and Portfolio Manager on PGIM Real Estate's U.S. Value-Add team, to discuss the state of affordable housing in the U.S. Ola describes the investment strategies that can be used to create more affordable housing and...
2023-04-1424 min
Fixed on ESGBiodiversity 101: Dissecting COP15 with Planet TrackerThe long awaited 2022 United Nations Biodiversity Conference (COP15) was held this past December in Montreal. Biodiversity is hugely important to us all for our basic, everyday needs, but biodiversity loss is not just an ecological threat as half of global GDP is dependent on nature in some way. With hopes that COP15 would produce a Paris Agreement equivalent to biodiversity, stakes were high. Birgit Lundem Jakobsen, Senior ESG Analyst at PGIM Fixed Income, hosts two highly anticipated guests who attended COP15, Planet Tracker's Director of Research, John Willis, and Policy Officer, Arianna Manili. Headquartered in London, Planet...
2023-01-3038 minThe Outthinking InvestorS3 Trailer: The OUTThinking InvestorWhen the future becomes increasingly uncertain, investors need to cut through the noise and think beyond the obvious answers. In season three of The OUTThinking Investor, an award-winning podcast from PGIM, global thought leaders and PGIM experts will bring their unique perspectives for the year ahead and beyond. Is inflation finally on the retreat? Can labor markets withstand an economic slowdown and demographic headwinds? Will the tense geopolitical climate ease or escalate? What is the outlook for interest rates after the rapid hikes of 2022? Join us as we reexamine the past, present-day opportunities, and future possibilities in glob...
2023-01-1301 minFixed on ESGESG Perspectives: Q&A with Sarika GoelIn this episode of Fixed on ESG, PGIM Fixed Income's Armelle de Vienne, Co-Head of ESG Research, and Kunal Patel, CFA, Head of Client Advisory for UK, Middle East and Africa, host a Q&A with special guest, Sarika Goel, Global Head of Sustainable Investment Research for Mercer. Listen for thoughts on: drivers of demand for ESG-labelled fixed income strategies; navigating differences in investor ESG objectives; considerations for investors looking to align their assets to net zero; stewardship and engagement in the context of fixed income; and more! Recorded on December 6, 2022. The views of any of our...
2022-12-1527 min
All the CreditCollege Credit: Analyzing Changes in Student Loans and the ABS MarketWith the recent announcement of a major student loan forgiveness program in the U.S., we dissect the program and its implications for fixed income investors. PGIM Fixed Income’s Florence Chan, Head of ABS Research, and Scott Motta, of the Securitized Products portfolio team, are here to sort through all the details, including: a brief history of student loans in the U.S.; details on the new loan forgiveness program; thoughts on the economic and inflationary impact of the program; characteristics of the student loan asset back securities (SLABS) market; and how PGIM Fixed Income views and ha...
2022-09-2932 minThe Outthinking InvestorS2 Trailer: The OUTthinking InvestorPandemic. War. Inflation. Deglobalization. Investors around the world face one of the most uncertain and tumultuous periods in recent memory. The Ukraine invasion, a tightening labor market, and fragmented supply chains are driving rapid inflation, while rising interest rates will cause headwinds for growth. With global capital markets shifting faster than ever, investors need to keep their finger on the pulse of change. Are we on the verge of a wage increase spiral? How is private capital changing the landscape for small firms? Can investors avoid greenwashing in their ESG exposure? What are the signposts for de...
2022-05-1101 min
Fixed on ESGWhy We're Fixed on ESGLike most nuanced subjects, ESG is a highly intricate topic with many more complexities than most might initially consider. And incorporating ESG-factors into portfolio construction introduces additional challenges, even to the most seasoned investors. However, PGIM Fixed Income is dedicated to helping our clients navigate the ESG landscape. Our dedicated team of ESG research experts have extensive insight and experience into what it takes to be ESG-forward, which we're excited to share with you. In this inaugural episode of Fixed on ESG, our Co-Heads of ESG Research, Armelle de Vienne and John Ploeg, CFA, take part in a...
2022-04-2729 min
Fixed on ESGFixed On ESG TrailerPGIM Fixed Income is proud to bring you, Fixed On ESG, a monthly podcast series exploring the latest topics and trends of ESG investing. A rotating lineup of PGIM Fixed Income ESG-expert hosts will provide our take on the investment implications and value opportunities we see in this space and how changes in the market may directly affect our decision making. Subscribe to hear from PGIM Fixed Income thought leaders, as well as industry professionals and some of our clients.
2022-03-2801 min
All the CreditSecuritized Products: The Evolution of an Asset ClassSecuritized products, sometimes referred to as structured products or, more generically, asset-backed securities, has—more recently—experienced dramatic growth in market size. And while the sector is approaching nearly $4 trillion, the securitized assets market and investor appetite continues to expand. In this episode of All the Credit®, we’ll explore the evolution of the fixed income securitized marketplace and make our case as to why we believe securitized products offer a compelling source of value. Host and PGIM Fixed Income Senior Portfolio Manager, Mike Collins, sits down with Gabriel Rivera and Edwin Wilches, Co-Heads of Securitized Products at PGIM Fixed I...
2022-02-1644 min
All the CreditWhat’s in Store for 2022? A Discussion with PGIM Fixed Income’s New Co-CIOsDespite the wildly unique ride that was 2021, which saw a boom in economic growth in most countries, a global inflation surge, and COVID’s constant and pervasive presence, the path of the global economy and financial markets may have been more predictable a year ago than they are today. With economic and earnings growth poised to peak, inflation most likely to subside, and tightening of monetary and fiscal policies expected, the outlook for 2022 is murky. In the latest installment of All the Credit®, we provide our expectations for the global economy, inflation, and the fixed income markets for 2022. We also high...
2022-01-2145 min
All the CreditThe Path Forward: The ESG-focus Post-COP26The 26th annual UN Climate Change Conference (COP26) fell short of our expectations and left ESG-focused investors with more considerations than ever before. It also did little to add clarity to the path ahead. With COP26 behind us, host Michael Collins, CFA is joined by PGIM Fixed Income's ESG specialists, Armelle de Vienne and John Ploeg, CFA for an insightful discussion of the summit, how it came to be, its purpose, and its major takeaways. Our ESG specialists also provide their take on how the asset management industry and ESG-focused client expectations will evolve in response to the pervasive...
2021-12-0849 min
All the CreditGlobal Banks: Do Solid Fundamentals Mask Existential Threats from Digital Currencies and Technology?In this episode of All The Credit, PGIM Fixed Income's panel discusses the latest emerging trends in the global banking sector, which include the rapidly growing interest in central bank digital currencies. Host and Senior Portfolio Manager Michael Collins, CFA is joined by Chief European Economist Katharine Neiss, PhD, and European Investment Grade Credit Research Analyst James Hyde for a conversation on disruptions in the sector, what's driving the ongoing resilience in global banks, and how our team views investment risks and opportunities. Katharine Neiss also recently authored an entry on "The Bond Blog @ PGIM Fixed Income" on the...
2021-11-0932 min
The Accidental Plan Sponsor®Bonus: Meet PGIM's New DC Solutions TeamJosh invites colleagues David Blanchett and Mikaylee O'Connor of the recently established PGIM DC Solutions team to discuss their background, DC plan innovation, and the role of employers in the retirement space.
2021-10-1313 minThe Outthinking InvestorTrailer: The OUTThinking InvestorModern capital markets move faster and are more complex than ever, bringing together participants with oftentimes clashing goals and constraints. But by gaining a richer understanding of the market's ongoing evolution—from its remarkable origins to its tantalizing future—investors will be better equipped to navigate the changing dynamics of global financial markets. On The OUTThinking Investor, a new podcast from PGIM, host Paddy Hirsch speaks with financial experts and PGIM leaders to uncover insights into the financial instruments that we take for granted, from ESG investing and pension plans to sovereign wealth funds and the bond mark...
2021-09-1001 min
All the CreditMaking Sense of the Booms and Busts in Global Real EstateIn this episode of All The Credit, a panel of senior investment professionals from PGIM Fixed Income and PGIM Real Estate explore if there’s a housing bubble, how return to work scenarios could impact commercial office markets, what the future holds for retail, lodging, warehouses, and much more. This wide-ranging discussion of all things real estate features Lee Menifee, Head of Americas Investment Research at PGIM Real Estate, and he’s joined by Sean Beggan and Gabe Rivera of PGIM Fixed Income’s Securitized Products Team.
2021-07-2746 minThe Accidental Plan Sponsor®Bonus: Insights From PGIM ColleaguesJosh engages in an energetic discussion with two colleagues and long-time Defined Contribution (DC) experts David Skinner and Sara Shean from PGIM Real Estate. The discussion covers the evolving DC environment, the challenges facing plan sponsors, and the role of real estate in DC.
2021-06-0213 minAll the CreditCorporate Fundamentals and Sector Winners and Losers as The Golden Age of Credit EvolvesThis episode of PGIM Fixed Income's podcast All The Credit provides listeners with, quite literally, a view of all the credit. From corporate fundamentals to sector winners and losers, Rich Greenwood, Head of PGIM Fixed Income's Credit Group, delivers his insights on the credit market amidst the COVID-19 recovery. Greg Peters, Head of Multi-Sector and Strategy, provides his take on the evolution of asset classes, the predicted duration of what he's coined as The Golden Age of Credit, as well as how our team is positioning multi-sector portfolios given market fundamentals and the current opportunity set.
2021-04-2738 minAll the CreditAsset Allocation in Today's Markets - Exploring AlternativesWith trillions of dollars in negative yielding debt around the world, money market rates pegged at zero, and relatively tight credit spreads, recent surveys of investors reveal plans for potential large allocation shifts from long-only strategies into a variety of alternatives. On this episode of All The Credit, Host Mike Collins invites Erik Schiller, Head of Liquidity, Mick Meyler from PGIM Fixed Income's Developed Market Rates team, and Mike Niosi from our Client Advisory Group to provide their view of the Alternatives market, including what draws investors to these strategies, the current risks and opportunities in the market, and...
2021-03-3033 minThe Accidental Plan Sponsor®Episode 2 - It Sings, But Will it Sail? The Birth of the 401(k)At 40 years old, the 401(k) has become part of the bedrock of the employer-based retirement system. Tens of millions of Americans have socked away trillions of dollars in a retirement investment vehicle that has fundamentally changed the dynamic of how employers provide a secure retirement for their workers. Today, the 401(k) makes up more than $6.5 of the $9.5 trillion in workplace defined contribution assets. But in 1981, this nascent idea was trying to find its place amongst pension and various savings plans, and it was finding an audience that would propel it to prominence. Host Josh Cohen talks with Ted Benna...
2021-03-0928 minThe Accidental Plan Sponsor®Episode 1 - Part 1: The History of Early Retirement Plans: Unions, Corruption, and the Studebaker CollapseThe next time you’re browsing through your 401(k) statement, consider this: If not for the collapse of a once-iconic car company in the 1960s, your retirement plan may look dramatically different. The history of pensions and retirement savings is a fascinating one. From the impact of world wars, the shift in workforce demographics to squabbling labor unions, organized crime, and, yes, even the demise of the Studebaker, how employers structure retirement plans for their workers is a complex and compelling story. In fact, it’s why we launched our new podcast, The Accidental Plan Sponsor, hosted by PGIM...
2021-02-2325 minThe Accidental Plan Sponsor®PrologueMost retirement benefits for American workers are built up through workplace savings plans where employers play a pivotal administrative and legal role as the Plan Sponsor. PGIM’s new podcast, The Accidental Plan Sponsor™, hosted by Josh Cohen, Head of Institutional Defined Contribution, explores the origins, evolution, and trends within the employer-based retirement system.
2021-02-1902 minAll the CreditAssessing European Leveraged Finance Opportunities with PGIM Fixed IncomeIn this episode of All The Credit, Senior Portfolio Manager and Host Mike Collins welcomes two of our London-based colleagues to discuss what makes the European High Yield, Bank Loan, and CLO markets attractive for investors. Jonathan Butler, Head of European Leveraged Finance, discusses our current outlook, including the five factors supporting an allocation to European High Yield, and Asha Narayan, CLO Portfolio Manager, discusses PGIM Fixed Income's approach to CLO management and how it can fit into an active, fixed income portfolio. Listen and subscribe to All The Credit wherever you find your podcasts for insights for active...
2021-01-2637 minAll the CreditOpportunities in the Municipal Bond Market—Where Politics, Public Services, and Investments CollideAll The Credit host Mike Collins speaks with PGIM Fixed Income's Municipal Bond Team on our final episode of 2020. Episode 11 features Susan Courtney, Head of the Municipal Bond Team, and Garrett Falzone, Head of Municipal Bond Research. Listen in as they cover the opportunity set in this unique investment sector that combines politics and public services. This brief program introduces listeners to the muni market, analyzes the impact of the pandemic on cities and states, assesses the low default rate and how ESG factors impact investment decisions, and shares our house view of the opportunity set for investors now and...
2020-12-1539 minAll the CreditWhat Could A Biden Presidency and Divided Government Mean for Investors? Post-Election Views from PGIM Fixed IncomePGIM Fixed Income's Senior Portfolio Manager and All The Credit host Mike Collins welcomes two guests who possess unique insights into the U.S. political system. In this episode we hear from Nathan Sheets, PGIM Fixed Income's Chief Economist and former Under Secretary of the Treasury Department, and David Burns, a senior member of Prudential's Congressional Government Affairs team, as they share their thoughts on the recent elections and the future political landscape in America. The two guests highlight prospects for new stimulus plans, who they expect to see fill important Washington positions that could impact the development of U...
2020-11-1639 minAll the CreditBuilding an ESG Framework at PGIM Fixed IncomeAs ESG investing continues to make news headlines and discussions are on the rise with asset owners, PGIM Fixed Income is pleased to host a timely interview. In Episode Nine of All The Credit, Host and Senior Portfolio Manager Mike Collins welcomes Eugenia Unanyants-Jackson, in the newly formed role of Head of ESG Research. In this episode, the two delve into the growth of ESG in the fixed income space, the firm's development of an internal ratings framework and its integration into the investment process, how this newly-created role will help PGIM Fixed Income's clients, and general market trends we c...
2020-10-2736 minAll the CreditCan Real Estate Keep the Lights On? Investing in Securitized Credit During COVID-19With companies less reliant on office space, an ongoing shift to online retail shopping, and a recession in our midst, owning top-of-the-capital structure securitized products in our multi-sector portfolios can be a key differentiator. Join Mike Collins as he hosts John Vibert, PGIM Fixed Income’s Head of Securitized Products, for Episode 7 of All The Credit. In this episode, John explains current market risks, his team’s process for mitigating those risks, and why he believes PGIM Fixed Income remains well-positioned. Mr. Vibert also covers positions the team is actively adding to in the securitized product space, the team’s current...
2020-08-2537 min
All the CreditA Conversation with PGIM Fixed Income's Distressed Credit AnalystsIn this month's edition of PGIM Fixed Income's podcast "All The Credit," Host and Senior Portfolio Manager Mike Collins welcomes PGIM Fixed Income's two distressed credit analysts, Gregory Cass and Carras Holmstead. Mike, Gregory, and Carras discuss the recent uptick in distressed credits given the current economic environment, the inner workings of the distressed credit market, the value they bring to our clients, and how PGIM Fixed Income is well-positioned given the current environment.
2020-07-2833 min
All the CreditPGIM Fixed Income's Pandemic Response: Preparation, Planning, and the Path ForwardPGIM Fixed Income's June 2020 episode of All The Credit provides listeners with an inside look at how our firm prepared for COVID-19 and the changes that came with the work-from-home shift of more than 90% of our employees. In this episode, PGIM Fixed Income's Head of Operational Risk, Jennifer Finnerty, sits down with our host Mike Collins to share these latest insights.
2020-06-3035 min
All the CreditThe Emerging Path for Investors with Cathy Hepworth, Head of PGIM Fixed Income's Emerging Markets DebtIn Episode 4 of PGIM Fixed Income's "All The Credit," Host and Senior Portfolio Manager Mike Collins is joined by PGIM Fixed Income's Head of Emerging Markets Debt, Cathy Hepworth. Cathy discusses her long-term tenure at PGIM Fixed Income, her path to being named Head of the EMD team, the state of the EMD sector, and why this asset class is important for investors going forward.
2020-05-2635 min
All the CreditWill We Ever Get Outta Here? ― Potential Paths For The Recovery with Nathan SheetsIn Episode 3 of All The Credit, host and Senior Portfolio Manager Mike Collins welcomes Nathan Sheets, PGIM Fixed Income's Chief Economist and Head of Global Macroeconomic Research, for a discussion about the current market crisis. Nathan draws on his prior experience at the Federal Reserve to compare the fiscal and monetary policy response to the recent economic volatility with that of the recession of 2008 while providing potential scenarios on what a recovery and return to normal could look like. The two also discuss the potential path forward for global interest rates, where risks and opportunities for active investors are e...
2020-04-1535 min
All the Credit"Capturing the Opportunity of Constraints" and Best Ideas with Greg Peters and Tom McCartanIn Episode 2 of All The Credit, Host and Senior Portfolio Manager Mike Collins welcomes Greg Peters, Head of Multi-Sector and Strategy, and Tom McCartan, Principal, LDI Strategies, for a discussion about how active fixed income managers like PGIM Fixed Income extract alpha across global fixed income markets. In addition to discussing their recent paper on the topic, Capturing the Opportunity of Constraints, Greg and Tom also share their insights on their current best ideas in the fixed income market and where investors could benefit from market dislocations and mispricings.
2020-02-2525 min
All the CreditActive vs. Passive, ESG Investing, and a Fixed Income Outlook with Mike Lillard, Head of PGIM Fixed Income and CIOOn the inaugural episode of 'All the Credit,' Host and Senior Portfolio Manager Mike Collins welcomes Mike Lillard, Head of PGIM Fixed Income and Chief Investment Officer. In this wide-ranging interview, the two discuss the debate over active vs. passive investing, how PGIM Fixed Income thinks about ESG, global growth and macro views in 2020, and the firm's overall view of the top trends and opportunities in the fixed income markets. Key Takeaways: [1:40] How did Mike L. first get started in investment management? [6:35] Mike L. is also a member of the Treasury Borrowing A...
2020-01-2842 min