What are some of the best ideas today? One answer is leveraged companies.
Putnam's David Glancy has focused much of his career in leveraged-company investing, with over 25 years of experience in the asset class.
Putnam Spectrum Funds can invest across the capital structure – going long or short on specific securities – pursuing a combination of capital appreciation and current income.
Less can sometimes be more. David Glancy's conviction weights portfolio positions in Putnam Spectrum Funds.
Ability to go to cash
The funds have the latitude to allocate a large weighting to cash. A key benefit of this is that it allows David Glancy to establish large positions quickly when his conviction is high.
Putnam Spectrum Funds' unique strategy and focus on leveraged companies can make them a diversifying complement to core portfolio holdings.