PGIM has launched the PGIM Jennison Better Future Fund, a thematic global equity portfolio.

Managed by PGIM’s active equity manager, Jennison Associates, the fund will invest in companies whose growth is being underestimated and which align to the UN Sustainable Development Goals (SDGs). The fund invests in companies that have disruptive technologies or services and exhibit dynamic new product development. The portfolio comprises 25-40 companies and is benchmarked to 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 Fund is classified as an Article 8 fund under the Sustainable Finance Disclosure Regulation (SFDR).

Baribeau said, “The Better Future Strategy launched in March 2022 as 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.”

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