Prudential $1.3 Trillion Asset Manager PGIM Launches High Growth Companies Equity Fund PGIM Jennison Better Future Fund Investing in Companies with Disruptive Technology or Services & Exhibiting Dynamic New Product Development, Fund Invests in 25 to 40 Companies, Managed by Active Equity Manager Jennison Associates, Investment Team Led by Jennison Associates Head of Global Equity Mark Baribeau & Portfolio Manager Rebecca Irwin
23rd March 2025 | Hong Kong
Prudential asset manager PGIM ($1.4 trillion AUM) has launched a new high growth companies equity fund PGIM Jennison Better Future Fund, investing in companies with disruptive technology or services & exhibiting dynamic new product development with the fund investing in 25 to 40 companies. The PGIM Jennison Better Future Fund is managed by active equity manager Jennison Associates, and the investment team is led by Jennison Associates Head of Global Equity Mark Baribeau & Portfolio Manager Rebecca Irwin. Jennison Associates has $214 billion AUM and is an affiliate manager of PGIM. Announcement (21/3/25): “PGIM, the US$1.38 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has enhanced its equities offering with the launch of the PGIM Jennison Better Future Fund (the “Fund”). Managed by PGIM’s active equity manager, Jennison Associates, this thematic global equity portfolio seeks to invest in high growth companies where the duration or magnitude of the growth is being underestimated, and which align to a select group of UN Sustainable Development Goals (SDGs). The Fund invests in companies that Jennison believes have disruptive technologies or services and exhibit dynamic new product development, and whose market opportunity is expanding. Through a bottom-up stock selection approach, the global portfolio has a concentration of 25-40 companies, with no maximum or minimum limit on country or sector weights. While the Fund is benchmark-agnostic, its performance is benchmarked against the MSCI All Country World Index. The investment team is led by Mark Baribeau, head of Global Equity, and Rebecca Irwin, portfolio manager and equity analyst, at Jennison Associates. The portfolio management team averages nearly 20 years of experience at Jennison and is supported by its global growth sector analysts and sustainability research team.”
“ Prudential $1.3 Trillion Asset Manager PGIM Launches High Growth Companies Equity Fund PGIM Jennison Better Future Fund Investing in Companies with Disruptive Technology or Services & Exhibiting Dynamic New Product Development, Fund Invests in 25 to 40 Companies, Managed by Active Equity Manager Jennison Associates, Investment Team Led by Jennison Associates Head of Global Equity Mark Baribeau & Portfolio Manager Rebecca Irwin “
Jennison Associates Head of Global Equity Mark Baribeau: “The Better Future Fund is a natural extension of the Jennison Global Equity team’s long-term record of successfully investing in global growth companies. Our aim is the pursuit of healthy revenue and profit growth, in companies that are helping to create more sustainable and inclusive growth. The Fund therefore also aligns with several United Nations’ Sustainability Development Goals and incorporates these into its analysis at all times.”
PGIM Investments Head of International Distribution, Matt Shafer: “We are launching the Fund in response to strong demand from our international clients to continue to deliver long-term investment returns while contributing towards a more sustainable and inclusive world. We believe that companies which address global challenges will experience rising demand for their products and services.”
PGIM Investments – PGIM Investments offers more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM’s globally diversified investment platform that encompasses the expertise of managers across fixed income, equities and real estate. PGIM Funds plc is an Ireland-domiciled UCITS umbrella fund serving institutional and wholesale investors across the globe.
Jennison Associates – Founded in 1969, Jennison Associates offers a range of equity and fixed income investment strategies. Its equity expertise spans styles, geographies and market capitalisations. Its fixed income capability includes investment-grade active and structured strategies of various durations. Original fundamental research, specialised investment teams, strong client focus, and highly experienced investment professionals are among the firm’s competitive distinctions. As of 30 Sept. 2024, Jennison managed US$214 billion in client assets. Jennison is an affiliate manager of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU).
PGIM – PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 42 offices across 19 countries, our more than 1,400 investment professionals serve both retail and institutional clients around the world. As a leading global asset manager with US$1.38 trillion in assets under management*, PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialised expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information visit pgim.com.
Prudential $1.3 Trillion Asset Manager PGIM Launches High Growth Companies Equity Fund PGIM Jennison Better Future Fund Investing in Companies with Disruptive Technology or Services & Exhibiting Dynamic New Product Development, Fund Invests in 25 to 40 Companies, Managed by Active Equity Manager Jennison Associates, Investment Team Led by Jennison Associates Head of Global Equity Mark Baribeau & Portfolio Manager Rebecca Irwin
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