PGIM’s Denis Cole on multi-sector credit investing

04/12/2025 12 min

Listen "PGIM’s Denis Cole on multi-sector credit investing"

Episode Synopsis

Denis Cole, Director of Credit, Head of Portfolio Specialist Group, PGIM | Denis discusses multi-sector credit, including how and when best to allocate to a multi-sector credit mandate, appropriate benchmarks to use and what asset owners should look for in a manager when they are assessing their aptitude for a multi-sector credit mandate. He also shares his perspectives on subsectors of credit markets where he sees attractive relative value. Listen to the full interview which covers:     - When should an investor choose a broad multi-sector credit mandate versus allocating on a single sector basis?- Are there structural opportunities in a multi-sector credit mandate or is the benefit in rotating sectors based on relative value?- What are the skills an asset owner should look for in a manager when assessing its aptitude for a multi-sector credit mandate?- What is a good benchmark for a multi sector credit mandate / portfolio?- Are there particular subsectors of credit that stand out in terms of great relative value?DisclaimerThe views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

More episodes of the podcast Global Investment Institute