PGIM Jennison International Opportunities Fund Q2 2024 Commentary: Analyzing Market Performance
Friday, 30 August 2024, 12:00
Q2 2024 Performance Overview
In the second quarter of 2024, PGIM Jennison International Opportunities Fund struggled to meet market expectations. The fund's return failed to match the impressive 1.1% performance of the MSCI All-Country World (ACWI) Ex-US Index.
Factors Influencing Performance
- Economic headwinds across key international markets.
- Sector-specific challenges affecting equity valuations.
- Increased volatility in currency exchanges impacting returns.
Future Outlook
As we move forward, attention must be directed towards potential recovery paths. The fund managers are optimistic about identifying market inefficiencies that may drive future performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.