A new product
PGIM, which distributes Prudential Financial’s (PRU) retail products, has introduced the PGIM Ultra-Short Bond ETF, an actively managed fund focusing on capital appreciation and income generation. The diversified fund aims to manage risk.
PGIM has positive views on the product. To satisfy their diverse needs, investors use investment assets. PGIM stated that although the actively managed ETF space is not large, it has witnessed constant growth. The company has launched this product to increase its product offerings.
What’s in it for investors?
Investors could benefit from the fund’s risk management strategies to diversify cash management. This fund would be the company’s first fund in the active ETF space, which PGIM believes could see positive momentum.
In 2017, Prudential Financial’s revenue per share was $143.23, while peers (XLF) The Hartford (HIG), Travelers (TRV), and MetLife (MET) had revenue per share of $46.57, $104.72, and $58.21, respectively.
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