Prudential Fixed Income's Sovereign Ratings Framework
Our sovereign ratings framework rests on two major pillars—a quantitative assessment of macro fundamentals combined with a qualitative assessment of the institutional framework and policy making. In some instances, our ratings differ from rating agencies. These differing views have proven to be meaningful drivers of alpha.
Core Conservative Strategy
A quintessential “no surprises” strategy, this lower-risk Core Fixed Income Strategy has been managed by the same portfolio manager since inception.
Intermediate Core Conservative Strategy
Often the choice of Stable Value plans and managed by our flagship Core Conservative Strategy portfolio manager, this strategy uses the same time-tested approach applied to an intermediate duration benchmark.
Investment Grade Corporate Bond Strategy
We know credit and we prioritize research: This strategy is managed by a seasoned corporate bond team that benefits from a large and dedicated credit research team.
Long Duration Corporate Strategy
This strategy offers a time-tested approach to long duration management from a firm with decades of experience solving liability problems.
Long Government/Credit Strategy
This strategy offers a basic way for plans to extend duration, emphasizing high-quality spread sectors over lower-yielding Government sectors, prioritizing bottom-up, research-based security selection.
In this paper, we take a look at the current interest rate backdrop and how the historical steepness of the U.S. Treasury yield curve provides an attractive entry point into longer duration high quality bonds. We also look at some of the risk/return trade-offs of extending duration under different interest rate and yield curve scenarios. (January 2014)
This paper discusses how an enhanced option model can improve relative value analysis within the leveraged finance markets. In this second paper of a two part series, portfolio manager Paul Appleby discusses why the model has become more relevant in the current environment. (January 2014)
Prudential Fixed Income to Manage €415 million Dryden 29 CLO, December 19, 2013
Prudential Fixed Income's Kay Willcox to Retire, December 19, 2013
Gary Knapp voted to Institutional Investor's Pension Top 40, November 30, 2013
Prudential Fixed Income to manage new $516 million CLO, October 22, 2013Read More