October 19, 2018

For youth living below the poverty line, education is a ladder out

There are about 4.9 million opportunity youth in the U.S.—young people between the ages of 16 and 24 neither in school nor working—who never earned their high school diploma or its equivalent for a wide array of reasons. Many of these youth and their families are living at or below the poverty line, and are among the 40 percent of Americans who are struggling to meet at least one of their basic needs.

October 18, 2018

Prudential Financial closes $3.2 billion in new longevity reinsurance agreements, signaling healthy growth in the U.K. pension risk transfer market

NEWARK, N.J., October 18, 2018 - Prudential Retirement®, a unit of Prudential Financial, Inc. (NYSE:PRU), has concluded $3.2 billion in previously undisclosed longevity reinsurance contracts, a further sign that pension de-risking activity in the U.K. is continuing at a brisk pace. As part of these transactions, The Prudential Insurance Company of America (PICA) assumes the longevity risk for approximately 13,200 retirees.

October 18, 2018

PGIM Investments expands ETF platform with new QMA active equity strategies

NEWARK, N.J., October 18, 2018 – PGIM Investments today launched the first of four actively managed equity exchange-traded funds (ETFs) that it plans to roll out in 2018, expanding the platform from the two actively managed fixed income ETFs launched earlier this year. Sub-advised by QMA, the quantitative equity and global multi-asset solutions manager of PGIM, the PGIM QMA Strategic Alpha Large-Cap Core ETF (NYSE Arca: PQLC) seeks long-term growth of capital by investing primarily in large-cap stocks.

October 18, 2018

PGIM Real Estate acquires Diana & Vesta office property in Amsterdam

FRANKFURT, Germany, Oct. 18, 2018 – PGIM Real Estate has acquired Diana & Vesta, a modern office property in Amsterdam, on behalf of one of its European core plus funds. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of U.S.-headquartered Prudential Financial, Inc. (NYSE: PRU).

October 17, 2018

Prudential Financial issues statement after Financial Stability Oversight Council removes SIFI label

NEWARK, N.J., October 17, 2018 - Prudential Financial, Inc. (NYSE:PRU) issued a statement after the Financial Stability Oversight Council’s decision to rescind Prudential’s designation as a nonbank systemically important financial institution. The company stated that the outcome reflects Prudential’s sustainable business model, capital strength and comprehensive risk management, which have and continue to enable the company to fulfill its promises to customers, deliver consistent performance and meet regulatory obligations.

October 17, 2018

QMA Q4 2018 Outlook: Storm clouds are gathering

Trade tensions and the ongoing crisis in emerging markets top the downside risks. Trade uncertainty has now seeped into the GDP and business confidence data for Europe and Japan, while the combination of trade tensions, fears of Turkish lira contagion, and Fed rate hikes have contributed to slowdowns in a number of EMs, including China. On balance: The near-term risk of a global downturn remains very low. But storm clouds are gathering.

October 16, 2018

Prudential Capital opens Mexico City office

MEXICO CITY, October 16, 2018 - Prudential Capital Group opened a new Mexico City office as it continues to build relationships with and provide long-term capital to strong companies in a wide range of industries in Latin America, the company announced today. Prudential Capital Group is a leading source of private capital for public and private companies and is the private capital arm of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU)

October 12, 2018

PGIM Fixed Income Q4 2018 Outlook - Standing Still: A Symptom of Less Synchronization and Giant Collisions

When investors recall the third quarter of 2018, many may cite the fractures that occurred in certain corners of the fixed income market. In its fourth-quarter outlook, PGIM Fixed Income evaluates the extent of the damage, the factors that contributed to the periodic volatility, how these issues may unfold going forward, and the nature of the opportunities that lie ahead.

October 12, 2018

Prudential Financial, Inc. Schedules Conference Call to Discuss 2019 Financial Outlook

NEWARK, N.J., October 12, 2018 - Prudential Financial, Inc. (NYSE: PRU) will host a conference call on Thursday, December 6, 2018 at 11:00 a.m. ET, to discuss with the investment community the Company’s financial outlook for 2019 and beyond.

October 11, 2018

Everyday Bravery returns, with a twist

Bravery has long been a prized trait. It leads people to accomplish great things—both big and small—because change and action take courage.