This is part 2 of a multi-part series where we deep dive into the nuances of Index Returns. This paper will provide an overview of the mechanisms of equity futures, the purpose of the equity index ...
The large US equity rallies in 2023 and 2024 have been driven mainly by valuation expansion, which accounted for almost three-fourths to more than half of total return in 2023 and 2024, respectively.
Source: PGIM, Bloomberg as of 9/30/2025. Past performance is not indicative of future results. Barron's: PGIM Investments ranked 4 out of 48, 8 out of 47, 12 out of 46 firms for the 1-, 5-, and ...