In-depth analysis by Putnam experts
Explore research-driven viewpoints on current markets, asset classes, and investment strategies.
Equity Insights
Monthly analysis of global stock market themes from Putnam's equity investment professionals.
U.S. Structured Credit Outlook
The macro landscape changed markedly over the course of 2022. As investor concerns have shifted to persistent inflation, central bank tightening, and heightened geopolitical tensions, we believe non-agency RMBS bonds present a very attractive investment opportunity in 2023.
ESG's North Star: A guide to financial materiality for multi-asset investing
Explore why it is important to tailor ESG analysis to the strategic differences between equity and fixed income asset classes, which include security types, investment universes, and portfolio goals.
A case for active non-U.S. small-cap equity
Putnam's research shows the non-U.S. small-cap equity asset class can help diversify a long-term portfolio, mitigate risk, and improve risk-adjusted returns. The asset class also offers broad opportunities for active managers.
Prepayment strategies: Essentials, analysis, and investing
Prepayment risk is one of the four major risks present in bond markets, along with term structure (or duration) risk, credit risk, and liquidity risk. We believe prepayment risk, largely concentrated in U.S. markets, is one of the least understood and most underutilized risks in a well-diversified portfolio.
The case for emerging market small-cap equities
Emerging market small-cap stocks have an attractive performance track record and offer a compelling complement to EM large caps, due to differences in the country composition and SOE representation in the EM small-cap universe.
Convertible and high-yield opportunities
In this brief asset class comparison, we show why it may be attractive to consider replacing the lower quality tiers of a high-yield allocation with balanced convertible securities.
Toward racial justice
Using the social lens of ESG investing, our researchers explain the markers of leadership among U.S. corporations addressing the challenge of racial injustice.
Improving diversification with convertible bonds
Offering hybrid features, convertible securities may help to offset the downside risk of an equity allocation while also diversifying a fixed income allocation.
Mental health: Insights and investment implications
The COVID-19 pandemic has put a spotlight on issues related to mental health. In this report, Putnam's sustainable investing team explores several trends emerging in the pandemic and the potential implications for investors.