Prudential Investments launches Prudential Jennison Emerging Markets Equity Fund
Prudential Investments(R) has launched the Prudential Jennison Emerging Markets Equity Fund (NASDAQ:PDEAX) , a fund that offers investors the potential for long-term capital growth and diversification by investing in companies located around the developing world. The Fund seeks to add broad diversification and growth potential to investor portfolios by tapping the expertise of its veteran team of portfolio managers. Prudential Investments is the mutual fund business of Prudential Financial, Inc. (NYSE:PRU) .
The fund is subadvised by Jennison Associates’ Global Equity team, which has established expertise in emerging markets investing through global and international equity strategies. The fund’s portfolio managers – Mark Baribeau, managing director and head of global equity, Albert Kwok, managing director, and Sara Moreno, managing director – average 21 years of investment experience.
“The team builds the fund from the bottom up, using fundamental research to identify 40 to 60 high-conviction securities,” said Stuart Parker, president of Prudential Investments. “With the strong economic growth that is expected in the emerging markets, it is an exciting opportunity to invest in a concentrated portfolio of companies based in these developing countries.”
The fund seeks to identify companies based in developing markets that are at an inflection point in their growth. The source of growth will vary by company and may include a disruptive or game-changing technology, product or service; a new product cycle or market expansion; an acceleration in industry growth; an increase in an addressable market; best-of-breed leadership in a particular niche; or restructuring synergies. The team believes investing in companies with strong home-market positions and limited dependence on exports, government subsidization, commodities cycles, or global growth reduces volatility.
“We will focus on companies, rather than countries, sectors, or exposure to economic themes,” said Baribeau. “This may enable us to exploit price inefficiencies around the developing world without being tied to a benchmark or region.”
The Fund is available in the following share classes: A: PDEAX, C: PDECX, Q: PDEQX, Z: PDEZX.
Prudential Investments is the mutual fund business of Prudential Financial, Inc., offering a range of open- and closed-end funds. Please visit www.prudentialfunds.com for more information.
Prudential Financial, Inc. (NYSE:PRU) , a financial services leader with more than $1.1 trillion of assets under management as of June 30, 2014, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.
Mutual fund investing involves risk. Some mutual funds have more risk than others. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost, and it is possible to lose money. There is no guarantee the Fund’s objectives will be achieved. The Fund may invest in the securities of emerging markets, which are subject to a number of risks, including greater volatility and price declines, may have a lack of liquidity due to low trading volumes, currency risk in that the value of a particular currency will change in relation to other currencies and the risks associated with financial and political instability. The risks associated with each fund are explained more fully in each fund’s respective prospectus. Diversification does not guarantee a profit or protect against a loss in declining markets.
Consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. Read the prospectus and summary prospectus carefully before investing.
Mutual funds are distributed by Prudential Investment Management Services LLC. Jennison Associates is a registered investment advisor. Both are Prudential Financial companies. (c) 2014 Prudential Financial, Inc. and its related entities. Prudential Investments LLC, Prudential, Jennison Associates, Jennison, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
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