Viral effects


Putting durable growth themes to work
A thematic approach is a distinctive feature of Putnam Growth Opportunities 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.

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growth themes

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.

For example, many businesses that have been resilient and strong during the crisis 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

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