|Enhancing the stability of stable value with traditional GICs
||Within the realm of stable value, traditional guaranteed investment contracts (GICs) have frequently been misunderstood and little used — despite their attractive characteristics. Putnam takes a closer look at the benefits of traditional GICs as part of a strategic allocation within stable value strategies.
|Government reform — the new driver of emerging markets growth?
||Putnam sees both near- and longer-term investment opportunity in EM countries that it believes may benefit from a combination of policy reform, policy independence, and insulation from falling commodity prices.
|Absolute return strategies offer modern diversification
||As investors look for diversification beyond traditional stock and bond funds, absolute return strategies can provide a differentiated return and risk profile and the potential to reduce long-term portfolio volatility.
|Alternatives in action: A guide to strategies for portfolio diversification
||Putnam offers insights for using strategies in portfolio construction by comparing performance in different economic scenarios over the past 20 years.
|Money market reform and the short end of the bond market
||Money market reform has changed the landscape of conservative investment options. This paper outlines the key regulatory changes — including provisions for liquidity fees and redemption gates — and how they may affect this critical area of the fixed income markets.
|Four strategies for a world of uncertainty
||Numerous risks to global growth continue to challenge investors. Many uncertainties of today need not reduce investors to inaction. We believe there are ways to maneuver in today's markets.
|Stay unconstrained in fixed income markets
||Unconstrained strategies have faced headwinds since 2013, but the potential for interest rate normalization in coming years gives institutions motivation to consider diversifying investments across numerous out-of-benchmark sectors.
|Low-gear growth ahead for developed economies
||The world's long-term growth outlook has major implications for portfolio strategies. Putnam examines the components of GDP growth, including labor productivity and demographic factors, to offer a detailed view of four major developed economies.
|Capital Markets Outlook
||Analysis of current market themes and asset class opportunities from investment leaders across Putnam.
|Independent equity research: How we do it, and why it matters to investors
||Members of Putnam's equity research team explain their philosophy and practice of independent equity research, including their emphasis on developing high-conviction, non-consensus views.
|Revisiting "Thinking outside the index"
||Leaders of Putnam's fixed income group outline their independent thinking on the forms of fixed income risk and discuss the risk-return potential of sectors outside the Barclays U.S. Aggregate Bond Index.
|Fixed Income Outlook
||Analysis of global bond market sectors from the Co-Heads of Fixed Income.
||Analysis of global equity markets from the Co-Heads of U.S. and International Equities.
|The future opportunity in securitized mortgages
||Putnam sees a significant opportunity to pursue liquid alternative strategies in securitized mortgage debt as new regulation transforms this market.
|Improving portfolio efficiency with multi-asset absolute return strategies
||Putnam studies the impact of absolute return on portfolio and pension plan efficiency and diversification.
|Holding the middle ground with convertible securities
||With characteristics of stocks and bonds, convertible securities can help diversify a portfolio. This study highlights Putnam's active approach to managing a convertibles portfolio.