PGIM Investments expands active ETF platform with the launch of a new high yield bond fund

PGIM Investments has launched its second actively managed exchange-traded fund, the PGIM Active High Yield Bond ETF (NYSE Arca: PHYL), as it continues to expand the ETF platform created earlier this year. PGIM Investments is the worldwide distributor of retail products for PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU)—a top-10 investment manager globally. The investment objective of PGIM Active High Yield Bond ETF is to seek total return through a combination of current income and capital appreciation.