PGIM Launches Two New Core Equity ETFs
Prudential Financial's asset management division, PGIM, has introduced two new core equity exchange-traded funds. The newly launched ETFs are the PGIM Jennison Small-Mid Cap Core Equity ETF (PJSM) and the PGIM Jennison International Core Equity ETF (PJIN). These products aim to provide investors with diversified exposure across small-to-mid cap U.S. equities and international core equity markets, respectively. The launch of these ETFs expands PGIM's product offerings in response to growing demand for passive investment strategies that balance risk and return through broad market representation. The funds are designed as long-term holdings suitable for investors seeking stable growth with lower volatility compared to more aggressive alternatives. PGIM is leveraging its expertise from the Jennison brand, known for active management capabilities, to offer these core equity solutions in an ETF format.
Tickers: $PRU
Topics: asset management ETFs PGIM Prudential Financial