PGIM’s UCITS platform has surpassed US$1 billion in assets, as of March 31, 2016, through its first 10 funds with more funds to be launched in the coming year, according to PGIM, the global investment management businesses of US-headquartered Prudential Financial, Inc. (NYSE: PRU).

The funds are based on existing strategies managed by PGIM’s wholly-owned investment managers, PGIM Fixed Income, Jennison Associates, QMA, and Pramerica Real Estate Investors. The funds are available to institutional investors or to individual investors through intermediaries and institutional fund platforms.

“Growing our UCITS product line is a significant initiative for PGIM across our multi-manager model since adopting our new brand1 earlier this year,” said David Hunt, CEO of PGIM. “We serve a variety of clients in Europe, across multiple asset classes and our commitment to expanding into UCITS provides yet another opportunity to extend our investment offering.”

“Institutional and high net worth clients, particularly in Europe, increasingly want access to diverse, high-yielding strategies,” said Stuart Parker, President of PGIM Investments. “Our unique multi-manager model allows us to provide clients with access to strategies that can be used to build global and cross asset class portfolios. Offering these strategies through a UCITS vehicle provides investors the benefits of liquidity and transparency within a regulatory framework.”

PGIM intends to continue expanding its diversified suite of funds by the end of 2016 to meet clients’ needs and currently offers funds in Germany, Ireland, the Netherlands, Norway and the United Kingdom, with options varying by location.

PGIM’s asset managers manage nearly $1 trillion in assets on behalf of institutional and retail investors in 16 countries on five continents. The business operates through a multi-manager model, with each asset class managed by a dedicated leadership team, responsible for investment and business performance, while adhering to the same global standards for controls, risk management and compliance.

PGIM Funds plc, is an Ireland domiciled UCITS umbrella fund serving institutional and retail investors across the globe. For a full list of funds available by region, please visit www.pgimfunds.com

About PGIM and Prudential Financial Inc

PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 16 countries across five continents and had $963 billion in assets under management as of December 31, 2015. For more information, please visit http://www.pgim.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of December 31, 2015, has operations in the United States, Asia, Europe, and Latin America. The company’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., the company’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com

Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom.

1 Effective January 4, 2016, Pramerica Investment Management changed its name to PGIM.