PGIM Investments ranks no. 2 for net mutual fund flows in 2020

PGIM Investments ended 2020 with $21.7 billion in net mutual fund flows, No. 2 in the industry, and record mutual fund assets under management (AUM) of $160.4 billion, up 31% from 2019.

 The firm is the fourth fastest growing fund family by organic growth and has reached its 12th consecutive year of positive net mutual fund flows. Strong fund flows and AUM growth were largely driven by demand for PGIM’s actively managed fixed income funds. The firm is the eighth largest fixed income mutual fund family in the U.S. 3

Additional 2020 business highlights include:

“PGIM Investments’ continued success is both the outcome of investments made in our business over the past decade as well as the strong investment performance delivered by our asset managers,” said Stuart Parker, PGIM Investments president and CEO.