PGIM Launches Two New Securitized Credit ETFs, Including a AAA-Rated CLO ETF With Core-Like Duration Exposure
PGIM, the $1.4 trillion global asset management business of Prudential Financial, Inc.1 (NYSE: PRU), has launched a market- differentiated AAA-rated collateralized loan obligation (CLO) exchange-traded fund (ETF) designed to provide core-like duration exposure.2 The fund, named the PGIM AAA CLO...