5G connectivity and the internet of things

Putnam Investments, 06/25/20


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A thematic approach is a distinctive feature of Putnam Growth Opportunities Fund. The team analyzes global trends, as well as problems and potential solutions, to identify which themes could drive sustained growth for businesses over a multi-year time horizon.

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THEME: 5G connectivity and the internet of things

5G stands for fifth-generation wireless technology, which will increase speed and responsiveness, and will allow users to connect to more devices at once. The transition to 5G will play out in waves globally over the next 15 years. The “internet of things” is a term that describes the growing number of devices, from phones to wearable products to home security systems, that are connected to the Internet and to one another.

The rapid growth in connected devices and systems will drive carriers to invest rapidly in 5G networks.

STOCK: American Tower (AMT)

This company rents space on towers and rooftop antennas to wireless carriers and broadcasters.

  • We believe American Tower offers strong growth potential as companies make the transition to 5G, and as 5G grows beyond cell phones into areas such as health care, which will require even more equipment and tower space.

American Tower holdings: 2.04% (as of 5/31/2020) | See complete holdings


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