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Prudential shuns low-margin passive investing strategy

It is adjusting to the growing popularity of index investing, says key is to look beyond stocks

New York

DAVID Hunt, who oversees more than US$1 trillion as head of Prudential Financial Inc's PGIM asset manager, said his firm needs to focus on active investing and must not be seduced by the flood of money into passive strategies.

"We really looked at whether or not we should

sentifi.com

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