Newark, NJ-based Prudential Investments has launched a global fund that invests primarily in infrastructure and related publicly-traded securities and companies globally.

The Prudential Jennison Global Infrastructure Fund uses the S&P Global Infrastructure Index as a benchmark and is managed by Shaun Hong and Bobby Edemeka, who have more than 19 years of utilities experience between them.

The fund uses a total return strategy that looks beyond the index to define infrastructure as companies that own, operate, develop and service infrastructure assets, the firm said.

The fund is available in the following share classes: A: PGJAX, C: PGJCX, and Z: PGJZX.

"Infrastructure may provide investors with diversification within their portfolios, along with consistency, given that many of the companies in this sector provide necessary services no matter which economic cycle we're in. The fund also offers a potential hedge against inflation because infrastructure contracts often allow prices to rise with inflation," Hong said.