PGIM India Hybrid Equity Fund has now started investing in international equities through the PGIM Jennison Global Equity Opportunities Fund. With this, the hybrid fund will invest across three asset classes - equity, debt and international equity.
In a press release, the fund house said, “Exposure to international equities makes the fund attractive for investors looking for an opportunity to achieve investment growth via allocation to steady compounders, global disruptors and stability via fixed income allocation.”
“The fund has been existent since 2004, it has shown ability to change gears and adapt to market conditions. For instance, in the narrow market of 2018-19, the fund maintained very low proportion of equity allocation to the broader market. Now with better growth visibility and broadening of markets, the fund's equity exposure is well diversified, with exposure to mid/small caps significantly higher than that of the benchmark. Adding investments in international equities showcases another adaptability feature of the fund to further improve risk adjusted return potential, over market cycles,” said Ajit Menon, CEO PGIM India Mutual Fund.
