Putting durable growth themes to work
A thematic approach is a distinctive feature of Large Cap Growth 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: Viral effects
The Covid-19 pandemic brought significant change in areas such as consumer-purchasing preferences, human communication, and workflows.
We focus on identifying long-term beneficiaries in a post-pandemic world.
Many businesses that were resilient and strong through the pandemic lockdowns have become even stronger, taking market share and further cementing their competitive moats.
STOCK: Danaher (DHR)
Danaher develops leading-edge diagnostic tools.
- Diagnostic testing for all types of viruses will become more prevalent as open economies and free movement of people will need to be balanced with safeguards against infectious diseases.
- Several of Danaher's portfolio companies, such as Cepheid, Pall, IDT, and Radiometer, are delivering a significant tailwind to its growth.
- We expect to see a boost in secular demand for Cytiva, Danaher's bioprocessing business, as R&D spend and innovation in the biopharma space should run at structurally elevated levels.
- Combined, we expect normalized mid to high single-digit revenue growth for Danaher for several years.
Putnam Large Cap Growth 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.
Get to know Putnam Large Cap Growth Fund
Learn more about the distinctive thematic approach and how the team analyzes global trends to identify which themes could drive sustained growth for Putnam Large Cap Growth Fund.
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