Advisor-only Webcast | The new big idea: Active ETFs | July 21, 2021

Tax Season 2020

TAX CENTER

Learn more and get 2020 tax resources, including information about capital gains for 2020, year-end tax estimates, tax rates for 2021, and more.

Visit the tax center

U.S. labor market — 55 is the new 65

Putnam Perspectives

U.S. labor market — 55 is the new 65

Following broad-based recovery in the labor market when the economy initially reopened in 2020, the labor force participation rate has stagnated and started to diverge.

Lawmakers eye paths to enhance SALT deduction

Wealth Management Ideas

Lawmakers eye paths to enhance SALT deduction

While many have called for the repeal of the cap on the state and local tax deduction, a group of lawmakers continue to debate ways to enhance the SALT deduction.

FUND AWARDS

2020 rankings in Barron's Best Fund Families
(published February 2021)

Ten years

#3 out of 44

Five years

#14 out of 50

One year

#22 out of 53

Refinitiv Lipper fund awards

Putnam International Value Fund

Best Fund in the International Large-Cap Value Fund category

(R6 shares/PIGWX among 33 funds over 5 years)

(Y shares/PNGYX among 29 funds over 10 years)

Fixed Income Outlook  |  Q3 2021

Bond markets in flux on rates and inflation outlook

Bond markets in flux on rates and inflation outlook

Global financial markets were mixed during the second quarter.

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Equity Insights  |  Capital Markets Outlook

Advisor Tech Tips

Do's and Don'ts of connection requests on LinkedIn

Do's and Don'ts of connection requests on LinkedIn

Spending a few extra minutes crafting a personalized note when inviting to prospects to connect on LinkedIn can help lead to a productive new client relationship.

Headlines you need to know this week   —   July 27, 2021

Bill focuses on financial security for women
Last week, a bill designed to safeguard retirement savings was re-introduced in the Senate. The goal of the Women’s Retirement Protection Act of 2021 is to address the savings gap and boost financial security for women. In submitting the bill, lawmakers noted that the pandemic and economic downturn in 2020 had a disproportionate impact on women. The bill would expand spousal protections for defined benefit plans to defined contribution plans. It would also help provide retirement benefits for women with lower incomes.
ESG attracted record inflows in 2020
In 2020, ESG (environmental, social, and governance) investments saw record inflows. Inflows into ESG products grew 140% in 2020, compared with 2019, Moody’s reported. According to a separate survey, 58% of respondents said their interest in ESG grew last year and nearly 20% said they began incorporating ESG factors in their portfolios. A full 67% of those surveyed said they plan to buy more shares of companies focused on ESG.
Emotion can lead to poor investment choices: Research
When it comes to investing, emotion can lead to poor investment choices, recent research found. Individuals can become overconfident and excited about rising profits and fearful of loss. As a result, investors may buy when assets are high and sell when they are declining. A 2021 Dalbar study found that individual investors consistently underperformed the market over the 20 years ended December 2020. The research found that unadvised investors saw an average annualized return of 5.96% compared with 7.43% for the S&P 500 Index and 8.29% for the Global Equity Index 100.

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