Putnam’s investment professionals offer compelling analysis of evolving market themes.
The fixed-income risks that we favor
D. William Kohli
Co-Head of Fixed Income, February 5, 2016
We see more attractive fixed income risks outside of interest rates, in part because U.S. economic growth may warrant more rate hikes by the Fed. Read more
Value opportunities gain traction in turmoil
Beneath dire headlines about plunging markets, we are seeing value opportunities assert themselves.
Get ready for 2016 with a glance at 2015
Markets offered a number of surprises in 2015 — quickly catch up on major events and the thinking of Putnam portfolio managers with this dynamic timeline.
Shedding light on alternatives
Classifying alternative investment strategies by objective can help to illuminate the benefits they offer to portfolio diversification.
Tilting toward risk assets
Despite ominous headlines, economic growth appears reasonably stable, which may be supportive of risk assets.
Assembling the global growth mosaic
Putnam's macroeconomic research identifies factors that point to continued weakness in the long-term growth potential of several major developed countries.
New research road tests alternatives
New Putnam research offers insights to help to set performance expectations for alternative strategies under actual market conditions.
Markets sharpen focus on fundamentals
Concerns linger that the causes of the August market selloff could continue to trouble markets, but it's important to consider fundamentals.
Why a bond allocation still matters
With some investors questioning the merits of maintaining a bond allocation, our investigation of asset correlations provides insights.
Innovation is a major driver of growth
Our analysis of TFP — Total Factor Productivity — gives us confidence that innovation can sustain long-term economic growth at pre-2008 levels.
Corporate profits: Looking beyond headwinds
Energy sector struggles and the strong dollar are likely to continue to weigh on earnings.
A surprising shortage in housing
Home construction is falling behind the pace of new household formation, creating an imbalance between housing supply and demand.
Headwinds buffet emerging-market debt
Higher interest rates can challenge any fixed-income market, but rate increases in advanced economies can cause particular difficulty for emerging markets.
Why energy prices may stay weak
While energy consumption had been relatively stable in the developed world, supply has continued to expand.
Don’t expect a “heads up” from the Fed
The Fed’s rate hike will probably come without warning.
Be selective in emerging markets
The picture in emerging markets is vastly different today than in the mid- to late-1990s, when nearly all EM countries issued debt in U.S. dollars.
The equity edge over high yield
Despite the disruption in the high-yield bond sector caused by lower energy prices, it may not be a buying opportunity.
The dollar could be a drag on dividends
The stronger U.S. dollar can challenge corporate earnings and the ability of companies to pay dividends.
The coiled-spring economy
Despite ups and downs in quarterly GDP, we see trends that herald the economy's return to the “old normal,” pre-financial crisis pace of growth.
New horizon for corporate governance
Pressure on the boards of Japanese companies to increase the return on equity for shareholders is changing the outlook for investing in Japan.
2015: The year of retirement savings for all workers
Will 2015 be the year that all American workers gain access to a retirement savings plan provided by their employer? It could be. While retirement policy in general did not rise to the ...
Retirement security: Start at the beginning
Until we provide greater access to employer-sponsored savings plans, thousands in this country will never be able to save enough for a dignified retirement.
Who are the 10-percent savers?
To improve the chances of generating a comfortable retirement income, researchers today urge savers with access to a workplace retirement plan to defer 10% or more of their current salary. While saving ...
Plan sponsors tentative in approach to risk
The financial crisis of 2008–2009 forever altered the way retirement savers and retirement plan sponsors view risk. Years later, plan sponsors are more aware of key risks, but haven’t taken much ...
Savers not maxing out 401(k)s
While government continues to eye potential cuts to tax-deferred retirement contributions, the average worker is not taking full advantage of the 401(k) savings maximums allowed by their employer-sponsored plan. Recent research found ...
Alternative investments gain popularity with plan sponsors
The financial industry responded to the market events of 2008 to 2009 by launching a host of alternative investment products. These products seek to diversify exposure away from traditional fixed-income and ...
Research: 401(k) savers are interested in auto escalation
While use of auto enrollment is rising among 401(k) plans, the adoption of auto escalation - where deferral rates are programmed to rise incrementally over time - has been slower, even ...
Growing the economy: Every penny saved counts
This article originally appeared on LinkedIn. One of the more underappreciated financial activities could be the most powerful tool in moving the dial on our nation's economic growth: saving. To quantify the impact ...
Investor behavior and 401(k) statements
One of the greatest challenges to achieving successful retirement saving outcomes is investor inertia. The lack of willingness to take action can result in a tendency for 401(k) savers to stay ...
The views and opinions expressed are those of the speaker, are subject to change with market conditions, and are not meant as investment advice.