PGIM adds global ESG bond fund

PGIM has launched the Global Total Return ESG Bond Fund.

The PGIM Global Total Return ESG Bond Fund uses PGIM’s proprietary ESG impact rating framework to assess issuers’ impact on the environment and society with ratings assigned for every issue overseen by PGIM Fixed Income’s ESG committee. The fund aims to deliver returns in excess of the Bloomberg Barclays Global Aggregate Index.

The fund invests in a diversified portfolio of securities across the global fixed income universe, both in investment grade and high yield, denominated in US dollar, euro, yen, or in other developed or emerging market currencies. It is managed by Robert Tipp, Michael Collins, and Matthew Angelucci.