Prudential Financial joins short-duration HY fund launches

29 Oct 2012

Prudential Investments, part of Prudential Financial of the US, launched a new short duration high yield mutual fund, in the latest launch in the sub-sector.

Several asset managers – among them Aviva, Pictet and AllianceBernstein – have launched short duration high yield funds this year, pitching the product as a way to capture yield with lower risk than longer duration investments.

Prudential Investments’ fund is managed by its global leveraged finance ...

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