Explore research-driven analysis of evolving market themes


Diversifying stable value with traditional GICs

Diversifying stable value with traditional GICs

Stable value portfolios that avoid traditional GICs may be missing a diversification opportunity that also offers liquidity.

More »

Signs of policy regime change

Signs of policy regime change

Global monetary policy is beginning to change. How much will risk assets suffer once the paradigm shifts?

More »

The end of the era of unlimited central bank support

The end of the era of unlimited central bank support

The current environment may be relatively benign for risky assets — particularly out-of-index opportunities ranging from high-yield bonds and bank loans to securitized debt and select emerging markets.

More »

Keeping fundamentals in focus as markets shift

Keeping fundamentals in focus as markets shift

Despite the market’s seeming calm through most of the third quarter, a number of undercurrents could challenge equities in the final months of 2016.

More »

The market’s greatest risk may be political

The market’s greatest risk may be political

While political risks could undercut the post-Brexit rally, the policy environment remains supportive enough to maintain a slightly bullish outlook.

More »

Negative interest rates may have unforeseen consequences

Negative interest rates may have unforeseen consequences

Today's experiments with negative interest rates in Europe and Japan have potential negative consequences for government bonds and the banking sector.

More »

Recognize the value of flexibility as central banks experiment

Recognize the value of flexibility as central banks experiment

Unconstrained diversification may be valuable for fixed-income investors as markets monitor possible changes in central bank policies around the globe.

More »

Proceeding toward Brexit: The risks for investors

Proceeding toward Brexit: The risks for investors

With the United Kingdom beginning to move forward with Brexit, we see risks to the economy, the pound, and the markets.

More »

Italy's bank troubles challenge EU

Italy's bank troubles challenge EU

Troubled banks in Italy pose a new challenge to the EU, one that has been compounded by the U.K.'s vote in favor of Brexit.

More »

Can government reform brighten EM growth outlook?

Can government reform brighten EM growth outlook?

Our research has identified both near- and long-term investment opportunities in EM countries that may benefit from a combination of policy reform, policy independence, and insulation from falling commodity prices.

More »

Reassess risk as interest rates creep up

Reassess risk as interest rates creep up

Historically when the Fed raises rates, Treasury rates have tended to move higher — a dynamic that poses risk to today's benchmark-oriented portfolios.

More »

Don’t underestimate this economy

Don’t underestimate this economy

Despite worrisome headlines about the economy, recent data show only a modest loss of momentum.

More »

Constrained credit threatens growth

Constrained credit threatens growth

Stock market rallies often need to climb a wall of worry, and we see that wall getting higher.

More »

How alts have performed in the long run

How alts have performed in the long run

Comparing the long-term returns and volatility of alternative investments can provide clues on their potential for diversifying a portfolio.

More »

The fixed-income risks that we favor

The fixed-income risks that we favor

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.

More »

Value opportunities gain traction in turmoil

Value opportunities gain traction in turmoil

Beneath dire headlines about plunging markets, we are seeing value opportunities assert themselves.

More »

Shedding light on alternatives

Shedding light on alternatives

Classifying alternative investment strategies by objective can help to illuminate the benefits they offer to portfolio diversification.

More »

Tilting toward risk assets

Tilting toward risk assets

Despite ominous headlines, economic growth appears reasonably stable, which may be supportive of risk assets.

More »

Assembling the global growth mosaic

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.

More »

New research road tests alternatives

New research road tests alternatives

New Putnam research offers insights to help to set performance expectations for alternative strategies under actual market conditions.

More »

Markets sharpen focus on fundamentals

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.

More »

Why a bond allocation still matters

Why a bond allocation still matters

With some investors questioning the merits of maintaining a bond allocation, our investigation of asset correlations provides insights.

More »

Innovation is a major driver of growth

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.

More »

A surprising shortage in housing

A surprising shortage in housing

Home construction is falling behind the pace of new household formation, creating an imbalance between housing supply and demand.

More »

Headwinds buffet emerging-market debt

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.

More »

Why energy prices may stay weak

Why energy prices may stay weak

While energy consumption had been relatively stable in the developed world, supply has continued to expand.

More »

The views and opinions expressed are those of the speaker, are subject to change with market conditions, and are not meant as investment advice.