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Prudential Investment Management: It's prime time to invest in urban expansionAccelerating urban expansion offers rich investment opportunities that coincide with the need for institutional investors to look beyond short-term gains as they seek new ways to build long-term strategies. The urban megatrend holds promise particularly in the areas of urban infrastructure, real estate, an evolving agricultural supply chain, and consumer goods and services, according to a white paper released today by Prudential Investment Management, the $918 billion asset management business of Prudential Financial, Inc. (NYSE:PRU). The white paper, entitled The Wealth of Cities, offers a new view of opportunities provided by urban expansion, with specific investment ideas in emerging and developed markets across a range of public and private vehicles that offer attractive avenues for investors. "Understanding how megatrends affect asset classes is crucial as CIOs move toward a long-term strategic portfolio management approach that takes them beyond simply beating short-term benchmarks," said David Hunt, CEO of Prudential Investment Management. "As we considered urbanization, we drew from expertise in our global investment businesses specializing in public and private fixed income, public equity, and real estate, to examine its impact across asset classes and share our best thinking on new investment ideas for capitalizing on the long-term opportunities created by expanding cities around the world." About 60 to 70 million people will be added to the urban population annually for the next 30 years, showcasing the unparalleled pace at which cities are growing. With this in mind, Prudential Investment Management published The Wealth of Cities, which outlines 10 investment ideas arising from the urbanization boom that are easily accessible to institutional investors. The paper highlights several trends that offer attractive opportunities, including:
Prudential Investment Management's businesses offer a range of investment solutions for retail and institutional investors around the world across all asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in the U.S., the U.K., Asia, Latin America and the Middle East and had $918 billion in assets under management as of Sept. 30, 2014. For more information, please visit http://www.investmentmanagement.prudential.com. Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of September 30, 2014, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com.
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