Putting durable growth themes to work
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.
THEME: The experience economy
This theme is based on a growing preference for experiences over material possessions. More consumers are seeking to spend money on live entertainment and events, luxury travel and destinations, or interactions within social communities.
We believe the appeal of experiences has become more widespread after the pandemic lockdowns in 2020.
This demand, combined with higher levels of personal savings, should help a number of businesses grow at above-market rates for an extended period of time.
STOCK: Live Nation (LYV)
Live Nation promotes, operates, and manages ticket sales for live entertainment.
- The company sits in an enviable spot as the global leader and toll-taker in a market that grows materially every year.
- It has over 20 of the top 25 global tours, a secondary-ticketing market, double-digit sponsorship and advertising growth, and on-site fan monetization opportunities.
- It was in the eye of the pandemic storm, but we expect it to emerge stronger, with a higher level of profitability and an even greater competitive moat.
Putnam Growth Opportunities Fund
See how investing in companies with durable long-term growth prospects, high and/or improving capital returns, and a strong ownership culture drives 5-star performance as of 5/31/2020.
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Learn more about the distinctive thematic approach and how the team analyzes global trends to identify which themes could drive sustained growth for Putnam Growth Opportunities Fund.
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