Prudential Investments is launching three new fixed income portfolios. The funds are the Prudential Floating Rate Income Fund, the Prudential Absolute Return Bond Fund, and the Prudential Emerging Markets Debt Local Currency Fund. The absolute return fund will invest across a range of sectors and securities, while the floating rate income portfolio will mainly invest in floating rate loans and other floating rate debt securities. The third vehicle primarily invests in currencies and fixed income securities denominated in the local currencies of emerging market countries.
Click here for the release from Prudential.