Core characteristics that set Putnam apart

Identifying and exploiting the risks and opportunities in today’s fixed-income markets requires truly active management, a commitment to fundamental research, and the resources to consistently execute.

• Abundant opportunities exist outside traditional benchmarks for active managers
• Portfolio risk is a function of market opportunity: Diversification means more than just multi-sector exposure
• Sector specialization and flexibility are critical in recognizing and exploiting investment opportunities
• An integrated portfolio construction and risk management framework provide the necessary balance of risk and return to institutional investors

Our unique brand of risk analysis leads to a greater range of opportunities

The traditional approach to fixed-income investing boils down risk to a single factor: how much a portfolio’s allocation deviates from that of the benchmark index.

At Putnam, we view risk differently. We seek to quantify each of the four risks inherent in every fixed-income security and use that analysis as the basis for portfolio construction.

As a result, we are able to take advantage of a much broader set of opportunities, well beyond the narrow range of sectors many asset managers adhere to.