PPM America Closes Mutual Funds to Focus on Other Commingled Vehicles [Yahoo! Finance]
Prudential Public Limited Company (PUK)
US:NYSE Investor Relations:
investor.prudential.com
Company Research
Source: Yahoo! Finance
mutual funds, the PPM Core Plus Fixed Income Fund (PKPIX) and the PPM High Yield Core Fund (PKHIX) which consisted solely of internal and seed capital investors. This action will complete the firm's liquidation of the PPM Funds platform, as the firm focuses on delivery of its investment strategies through other commingled products. "We continuously evaluate solutions with the goal to provide best-in-class performance and service to our clients," said Jeff Seaver, Senior Managing Director, Head of Global Distribution. "Our recent distribution efforts with institutional investors have demonstrated that clients often desire greater efficiency and flexibility in a commingled vehicle than we can attain through a mutual fund." About PPM America Our mission is to be seen by clients and their advisors as a consistently reliable partner to help them achieve their long-term value goals. PPM is a US-based institutional asset manager with $76.66 billion in assets under management as of Se
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News
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- Prudential plc (NYSE: PUK) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
PUK
Analyst Actions
- 10/17/24 - Barclays PLC
PUK
Sec Filings
- 12/20/24 - Form 6-K
- 12/19/24 - Form 6-K
- 12/18/24 - Form 6-K
- PUK's page on the SEC website