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PGIM Fixed Income

2022 Top 500 ranking: 28

Cautiously Constructive in a Crisis: Why We’ve Maintained Our CCC Overweight

Cautiously Constructive in a Crisis - Why We’ve Maintained Our CCC Overweight

As the virus-related lockdowns took hold across the U.S., our broad market high yield portfolios were generally positioned with an overweight to the CCC-rated portion of the market. At the time, some may have characterized that positioning as “caught leaning the wrong way,” to use a sports analogy.

PGIM Fixed Income 

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