Putnam Investments becomes an ETF player
Putnam Investments, the global firm with $190 billion assets under
management is looking to enter the exchange traded fund space. In an
announcement today, Putnam Investments stated that they plan to bring to
market this year four semi-transparent ETFs.
Putnam Chief Operating Officer Aaron Cooper stated, "In an effort to
provide our clients with greater optionality in accessing the firm's deep,
expansive capabilities, Putnam will be combining its fundamentally-driven
investment approach with the benefits offered by an ETF structure. Our goal
is to deliver strong, risk-adjusted investment performance through an array
of products, including traditional mutual funds, separately managed
accounts, and soon, active ETFs."
The four exchange traded funds that will be launched by Putnam Investments
include the following:
*Putnam Sustainable Leaders ETF *– Seeks long-term capital appreciation by
investing mainly in common stocks of U.S. companies of any size, with a
focus on companies that exhibit a commitment to sustainable business
practices.
*Putnam Sustainable Future ETF* – Seeks long-term capital appreciation by
investing mainly in common stocks of U.S. companies of any size, with a
focus on companies whose products and services provide solutions that
directly contribute to sustainable social, environmental and economic
development.
*Putnam Focused Large Cap Growth ETF* – Seeks capital appreciation by
investing mainly in common stocks of large U.S. companies, with a focus on
growth stocks.
*Putnam Focused Large Cap Value ETF* – Seeks capital growth and current
income by investing mainly in common stocks of large and midsize U.S.
companies, with a focus on value stocks that offer the potential for
capital growth, current income, or both.
|Today, 2:03 PM|13 Comments
Putnam Investments, the global firm with $190 billion assets under
management is looking to enter the exchange traded fund space. In an
announcement today, Putnam Investments stated that they plan to bring to
market this year four semi-transparent ETFs.
Putnam Chief Operating Officer Aaron Cooper stated, "In an effort to
provide our clients with greater optionality in accessing the firm's deep,
expansive capabilities, Putnam will be combining its fundamentally-driven
investment approach with the benefits offered by an ETF structure. Our goal
is to deliver strong, risk-adjusted investment performance through an array
of products, including traditional mutual funds, separately managed
accounts, and soon, active ETFs."
The four exchange traded funds that will be launched by Putnam Investments
include the following:
*Putnam Sustainable Leaders ETF *– Seeks long-term capital appreciation by
investing mainly in common stocks of U.S. companies of any size, with a
focus on companies that exhibit a commitment to sustainable business
practices.
*Putnam Sustainable Future ETF* – Seeks long-term capital appreciation by
investing mainly in common stocks of U.S. companies of any size, with a
focus on companies whose products and services provide solutions that
directly contribute to sustainable social, environmental and economic
development.
*Putnam Focused Large Cap Growth ETF* – Seeks capital appreciation by
investing mainly in common stocks of large U.S. companies, with a focus on
growth stocks.
*Putnam Focused Large Cap Value ETF* – Seeks capital growth and current
income by investing mainly in common stocks of large and midsize U.S.
companies, with a focus on value stocks that offer the potential for
capital growth, current income, or both.
|Today, 2:03 PM|13 Comments
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