Prudential Government Income Fund ups investment in zero-coupon bonds

By Tali David

Minneapolis, March 8 - The board of directors of Prudential Investment Portfolios, Inc. approved a change to the Prudential Government Income Fund's non-fundamental investment policy regarding investments in zero-coupon bonds, according to a 497 filing with the Securities and Exchange Commission.

The fund may now invest up to 25% of its assets in zero-coupon bonds, raised from the previous cap of 15%.

The fund's adviser is Newark, N.J.-based Prudential Investment Management, Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.