PGIM targets decarbonisation theme with global equity fund launch

Managed by the firm's active equity manager, Jennison Associates, the PGIM Jennison Carbon Solutions Equity fund will invest in companies that are reducing global carbon emissions and aiding the transition to a low-carbon economy.  After narrowing down the investable universe, the fund incorporates emissions avoided into its analysis. According to PGIM, emissions avoided, known as Scope 4 emissions, are "crucial" to the decarbonisation effort, but are often "overlooked" by investors. The fund will invest in global all-cap stocks across several sectors, placing particular emphasis on c...