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PGIM Jennison Global Equity Income Fund Q4 2025 Commentary

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⚡ Quantum Brief
The PGIM Jennison Global Equity Income Fund outperformed the MSCI All Country World Index in Q4 2025, delivering gains above the benchmark’s 3.3% return amid volatile market conditions. U.S. equities closed 2025 with modest Q4 gains, capping a strong annual performance despite renewed skepticism about AI’s long-term viability and soaring infrastructure investments. Sector-specific stock picks in IT, utilities, real estate, and industrials drove the fund’s relative outperformance, highlighting targeted selection as a key strategy during market uncertainty. Political and policy unpredictability in 2025 made forecasting unusually challenging, with U.S. dynamics introducing volatility that defied traditional market expectations. The commentary underscores how AI’s rapid scaling and infrastructure costs remain pivotal concerns, shaping investor sentiment and sector performance heading into 2026.
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PGIM Investments42 FollowersFollow5ShareSavePlay(9min)CommentsSummaryU.S. equity markets capped a strong year of performance with modest gains in the fourth quarter.The PGIM Jennison Global Equity Income Fund advanced and outperformed the 3.3% return of the MSCI All Country World Index.Relative to the Index, security selection within the information technology, utilities, real estate, and industrial sectors added the most value during the period.While it's customary to offer informed predictions as we look ahead to a new year, 2025 was a year that seemed to be more unpredictable than many in recent memory, especially from a U.S. policy and political standpoint. Hiroshi Watanabe/DigitalVision via Getty Images Market Review U.S. equity markets capped a strong year of performance with modest gains in the fourth quarter. Resurging concerns about the durability of artificial intelligence (AI) development and the enormous levels of investment spent on AI infrastructureThis article was written byPGIM Investments42 FollowersFollowPGIM Investments, a subsidiary of PFI, is an investment adviser and the investment manager to all PGIM US open-end investment companies and manager or administrator to closed-end investment companies. Note: This account is not managed or monitored by PGIM Investments, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use PGIM Investments' official channels.

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