ACTIVE INVESTING

Portfolio manager commentary

See the latest market views

Putnam Dynamic Asset Allocation Funds

Jason Vaillancourt, CFA, Co-Head of Global Asset Allocation, discusses reasons to reduce equity, credit, and commodity allocations as year-end approaches.

October 2021 videos:


Putnam Multi-Cap Core Fund

Portfolio Manager Jerry Sullivan explains how an active approach helps identify sectors that may be poised for a rebound and why he has a positive outlook for equities.

July 2021 videos:


Putnam Small Cap Value Fund

Portfolio Manager Michael Petro describes the fund’s strategy, its strong 2021 performance, and his positive outlook for the market.

July 2021 videos:


Putnam Tax-free Income Funds

Portfolio Managers Paul Drury and Garrett Hamilton offer an update on the municipal bond market and trends driving performance.

October 2021 videos:

Quarterly fund commentaries

Loans post modest gain amid fluctuating interest-rate backdrop

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Risk assets post muted results amid growing uncertainty

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Style preferences fluctuate in a challenging quarter

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High yield generates modest gain amid Fed tapering signals

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Fund outperforms in challenging quarter for small caps

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Pendulum swings between style preferences

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Markets take Fed talk on tapering, rates in stride

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Inflation and rate fears weigh on municipals

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Risk assets, rate strategy struggle amid uncertain backdrop

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Convertibles retreat amid inflation and growth concerns

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Thematic focus continues through challenging quarter for growth stocks

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Risk-off sentiment hampers strategies

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Emerging market stocks navigate seesawing markets

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Yield-curve strategy hurt amid mounting uncertainty

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Markets fluctuate as central banks signal shift from pandemic stimulus

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Bond markets brace for higher rates

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