With a track record that dates back 145 years and over 30 market cycles, the investment management businesses of PGIM have managed through tranquility and turmoil, through both bull and bear markets.
While monetary policy is helpful, it cannot address underlying tensions on its own. It’s about a crisis response first to the health crisis and then fiscal policy responses. Monetary policy by itself won’t be sufficient.
Head of PGIM Investments
Markets are attractive on many parameters such as PE, market cap, GDP, etc. However, investors should brace for high volatility as a result of COVID-19.
When we enter a recovery period, well-capitalized equity real estate funds will have an advantage over those with weak balance sheets. We see a number of potential opportunities across the housing sector, including suburban apartments and workforce housing; in infill industrial assets such as cold storage; and in necessity retail, particularly as grocery delivery continues to accelerate.
Using the terminology of a recession doesn’t work in this environment. We’re using old terms that we’re familiar with to describe something new and unfamiliar. This isn’t a recession, it’s a hiatus.
Chief Economist and
Head of Macroeconomic Research
In uncertain times like these, where markets are volatile and access to capital is difficult, our greatest focus is providing our portfolio companies with the capital they need to operate business as usual during the COVID-19 crisis.
PRESIDENT & CEO
GLOBAL CHIEF OPERATING OFFICER
AND HEAD OF U.S. EQUITY
Head of Alternatives
Ed Campbell, CFA
It may be more comfortable to retract during a period of crisis, but it is times like this when personal connection is vital and will be remembered when we come through on the other side.
Srinivas Rao Ravuri
Chief Investment Officer
We have to get used to the fact that we will have some high volatility and we will have multiple retests of lows before we find one. That doesn’t mean there isn’t more downside from here. Bottoming is a process.