Prudential Global Total Return Fund ups high-yield investment to 50%

By Toni Weeks

San Diego, Dec. 2 - The board of directors of Prudential Global Total Return Fund, Inc. approved a change to the fund's non-fundamental investment limits for asset-backed securities and high-yield debt securities, according to a 497 filing with the Securities and Exchange Commission.

The fund may now invest up to 50% of its total assets in high-yield debt securities and up to 35% of total assets in asset-backed securities.

Previously, the fund invested up to 35% of its total assets in high-yield securities.

The fund's investment manager is Newark, N.J.-based Prudential Investments LLC.

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