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Stock impact report

PGIM expands ETF lineup to include two laddered funds of buffer ETFs

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: Business Wire
New ETFs offer one-stop solution for 12% and 20% Buffer ETF exposure NEWARK, N.J.--(BUSINESS WIRE)--Following the launch of the PGIM U.S. Large-Cap Buffer 12 and 20 ETF series, PGIM,1 the $1.34 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has launched two laddered funds of buffer ETFs, the PGIM Laddered Fund of Buffer 12 ETF (BUFP) and the PGIM Laddered Fund of Buffer 20 ETF (PBFR) (the “ETFs”), on the Cboe BZX. The ETFs will be offered at a 0.50% net expense ratio, making them the lowest-cost fund of buffer ETFs in the marketplace.2This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240613523196/en/Stuart Parker, President and CEO, PGIM Investments (Photo: Business Wire)The two new ETFs seek to generate capital appreciation by providing investors with U.S. large-cap equity market exposure through a laddered portfolio of its Underlying Buffer ETFs. The Underlying Buffer ETFs seek t Show less Read more
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