Quantitative easing: A closer look
Since early December, the Federal Reserve has been injecting $85 billion per month of newly created money into the financial system. See how it may have increased risk to bond investors.
Global investing calls for active management
The global investment landscape has changed significantly since the 2008 financial crisis. The risks and opportunities are more diverse than they have been in years. Understanding — and taking advantage of — these evolving markets requires deep experience and intensive fundamental research.
The muni bond advantage
With record low interest rates and heightened market volatility, striking the right balance between generating income and preserving principal can be challenging. Municipal bonds may be one solution, particularly for higher income earners.
Finding value in U.S. stocks
We believe today's combination of record profits and market volatility has created compelling value for long-term investors. Our veteran portfolio managers and analysts is focused on uncovering it for shareholders in our funds. Find out about today's opportunity in U.S. stocks.
Financial planners suggest that finding the ideal retirement spot means weighing a number of pros and cons about each state — and not just the weather — including the size of the tax bite, which can vary greatly. How does your state rate on taxes?
All data as of 12/31/11. Sources: U.S. Treasury, Barclays Municipal Credit Research, Standard & Poor’s, and The Tax Foundation. State municipal bond yields represented the yield to worst of the Barclays municipal bond index from that state. Muni yield figures do not reflect the potential effects of the alternative minimum tax. Credit ratings are by Standard & Poor’s. While all bonds have risks, municipal bonds may have a higher level of credit risk as compared with government bonds and CDs. Past performance is not indicative of future results.
Source: S&P, as of 12/31/11. The S&P 500 Index is an unmanaged index of common stock performance. You cannot invest directly in an index. Past performance is not a guarantee of future results. Performance for the Putnam funds will differ.
Current price-to-earnings ratio is S&P 500 Index value on 12/31/11 divided by 12 months’ trailing earnings.
Forward price-to-earnings ratio is S&P 500 Index value on 12/31/11 divided by consensus estimates for 2012 earnings of $106.25 per share.
All data is current as of 10/21/11 and is subject to change.
This information s not meant as tax or legal advice. Please consult with the appropriate tax or legal professional regarding your particular circumstances before making any investment decisions.