Manager commentary


Putnam Fixed Income

Q4 2020 Fixed Income Outlook:

Bond investors face Catch-22


Putnam Income Fund

Quarterly fund Q&A:

Prepayment risk boosts performance


Putnam Small Cap Growth Fund

Quarterly fund Q&A:

A strong quarter of performance as market rebound continues


Putnam Sustainable funds

Quarterly fund Q&A:

Sustainable strategies show resilience in pandemic


Putnam Equity Income Fund

Quarterly fund Q&A:

Cyclical stocks rebound, but uncertainties remain


Putnam Emerging Markets Equity Fund

Quarterly fund Q&A:

Emerging markets outperform, and fund exceeds benchmark


Putnam Growth Opportunities Fund

Quarterly fund Q&A:

Growth-stock rally continues as economic transition speeds up


Putnam Global Equity Fund

Q4 2020 Equity Outlook:

What would the end of the pandemic mean for the bull market?


Putnam Dynamic Asset Allocation funds

Quarterly fund Q&A:

Hazy market outlook as U.S. elections loom

Quarterly fund commentaries

The virus, the election, and the market outlook

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Growth-stock rally continues as economic transition speeds up

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Convertibles gain with strong back-to-back quarters

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A strong quarter of performance as market rebound continues

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Emerging markets outperform, and fund exceeds benchmark

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High yield advances amid supportive risk environment

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Fed programs continue to support short-term fixed income

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Prepayment risk boosts performance

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Municipals rally on stimulus prospects

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Fund posts solid gain, but currency strategy weighs

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Bank loans rise with demand for yield

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Multisector strategy rises amid favorable risk backdrop

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Equity gains in directional strategies help offset non-directional losses

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Cyclical stocks rebound, but uncertainties remain

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Sustainable strategies show resilience in pandemic

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Hazy market outlook as U.S. elections loom

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