Putnam Perspectives

Explore research driven analysis of evolving market themes.


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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Get ready for 2016 with a glance at 2015

Get ready for 2016 with a glance at 2015

Markets offered a number of surprises in 2015 — quickly catch up on major events and the thinking of Putnam portfolio managers with this dynamic timeline.

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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.

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Tilting toward risk assets

Tilting toward risk assets

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

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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.

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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.

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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.

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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.

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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.

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Corporate profits: Looking beyond headwinds

Corporate profits: Looking beyond headwinds

Energy sector struggles and the strong dollar are likely to continue to weigh on earnings.

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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.

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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.

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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.

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Don’t expect a “heads up” from the Fed

Don’t expect a “heads up” from the Fed

The Fed’s rate hike will probably come without warning.

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