Putnam Perspectives

Explore research driven analysis of evolving market themes.


How to plan more rationally for longevity risk

How to plan more rationally for longevity risk

Longevity risk — the possibility outliving one's money in retirement — is a genuine risk, but data suggests that many people overestimate its likelihood.

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Retirement savings receive attention on Capitol Hill

Retirement savings receive attention on Capitol Hill

A number of bills to reform retirement savings are alive in the U.S. Congress this year.

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Shaping the curve in glide path design

Shaping the curve in glide path design

In designing an optimal glide path for a target date fund, it is critical to focus on portfolio size, investor time horizon, and volatility.

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Putting savers at the center of retirement plans

Putting savers at the center of retirement plans

In the past decade, investors have poured significant assets into target date funds, but savings in retirement vintages have been shrinking.

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Key risks to consider in glide path design

Key risks to consider in glide path design

Sequence risk is the key risk that target-date investment managers need to address along the glide path.

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The broader meaning of a better earnings harvest

The broader meaning of a better earnings harvest

We believe the earnings recession in 2015 and the first half of 2016 marked the beginning of a new earnings cycle.

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Sustainable investing: Assessing the choices

Sustainable investing: Assessing the choices

Sustainable investing is growing in popularity, and investors should be thoughtful about choosing from a range of strategies and portfolios.

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Interest-rate risk is elevated

Interest-rate risk is elevated

Gains in employment may herald greater rate risk, giving investors reason to consider income opportunities outside of traditional bond benchmarks.

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HSAs may help workers save more for retirement

HSAs may help workers save more for retirement

Workers saving in both health savings accounts (HSAs) and 401(k) plans tend to save more in their 401(k).

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Are international stocks truly cheap?

Are international stocks truly cheap?

On the surface, U.S. stocks appear more expensive than international stocks, but a quantitative comparison reveals the impact of sector valuations.

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Why we feel recession talk is premature

Why we feel recession talk is premature

The yield curve and Leading Economic Indicators are two effective recession indicators that offer insights on potential opportunities and risks ahead.

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The value opportunity

The value opportunity

If earnings grow as expected, value stocks may have an edge over growth stocks in 2018.

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Health savings accounts could add to retirement wealth

Health savings accounts could add to retirement wealth

Educate employees about the advantages of a health savings accounts as a way to build flexible long-term assets.

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Just how cheap are European equities?

Just how cheap are European equities?

Our analysis finds that industry group weightings play a significant role in valuation discrepancies between U.S. and European equities.

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What could disturb unprecedented calm in markets?

What could disturb unprecedented calm in markets?

What’s most remarkable about 2017 is the market calm, but this is not a sign that the trend will revert to the mean.

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Are millennials with HSAs thinking about retirement?

Are millennials with HSAs thinking about retirement?

More millennials may contribute to health savings accounts in recent years, but they may not be aware of the potential to save for retirement.

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Looking for impact in CEO compensation

Looking for impact in CEO compensation

It’s important for investors to be able to understand how a company’s performance relates to CEO compensation.

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Longevity and medical costs – education for the great unknowns

Longevity and medical costs – education for the great unknowns

Understanding the impact of longevity and medical costs on savings requires education and a proactive approach to saving.

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Why a meaningful near-term market correction is unlikely

Why a meaningful near-term market correction is unlikely

2017 is a rare year without a stock market correction of at least 5%, but that doesn't make a correction more likely in the fourth quarter.

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Avoiding retirement savings shortfalls requires a team effort

Avoiding retirement savings shortfalls requires a team effort

Plan features, employer match, deferral rates, and investor education all work together to help participants avoid retirement savings shortfalls.

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Using and enhancing ESG investment data

Using and enhancing ESG investment data

ESG data is having investment impact but is still evolving, and stands to benefit from feedback offered by fundamental analysts.

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The views and opinions expressed are those of the speaker, are subject to change with market conditions, and are not meant as investment advice.