Oct 29, 2012 --- Prudential
Investments launched the Prudential Short Duration High Yield Income Fund. ---
The mutual fund seeks to
respond to the investor demand for income in a historically low yielding
market. Managed by Prudential Fixed Income’s Global Leveraged Finance Team, the
fund offers investors the potential for high income and the ability to potentially
benefit from attractive risk-adjusted returns in the short-duration, high-yield
The fund invests in
high-yield (“junk”) bonds, foreign securities, emerging markets, liquidity
risk, and small- and mid-cap issuers.
Prudential Fixed Income’s
12-member Global Leveraged Finance portfolio management team averages 20 years
of experience and includes seven high yield managers and five bank loan
mangers, supported by 28 credit analysts. Prudential Fixed Income, with $348
billion in assets under management as of June 30, is part of Prudential
Financial and manages Prudential Investments’ fixed-income funds.