In-depth analysis by Putnam experts

Explore research-driven viewpoints on current markets, asset classes, and investment strategies.

Equity Insights

Equity Insights

Monthly analysis of global stock market themes from Putnam's equity investment professionals.

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Fixed Income Outlook

Fixed Income Outlook

Analysis of global bond markets and currencies from the investment leaders of Putnam's Fixed Income group.

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Capital Markets Outlook

Capital Markets Outlook

Perspective on the global economy and asset classes with insight on market history.

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A case for active non-U.S. small-cap equity

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.

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Prepayment strategies:  Essentials, analysis, and investing

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.

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Treasury Inflation-Protected Securities: How they function and the headwinds they face

Treasury Inflation-Protected Securities: How they function and the headwinds they face

Treasury Inflation-Protected Securities (TIPS) offer benefits for hedging against inflation, but they also face headwinds when real interest rates increase and inflation rates begin to decline.

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The case for emerging market small-cap equities

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.

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The past, present, and future of bond markets

The past, present, and future of bond markets

We believe the search for fixed income returns over the next decade will be at the earlier stages of capital creation in assets such as convertible bonds, high-yield credit, leveraged loans, and emerging market debt.

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Toward a circular economy: Investments for a Thriving Planet™

Toward a circular economy: Investments for a Thriving Planet™

The global economy demands more resources than Earth can sustain. Among potential solutions, the concept of the circular economy has emerged to inform business leaders and investors about maximizing the effective use of resources and minimizing waste.

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Convertible and high-yield opportunities

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.

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Investing for a thriving world

Investing for a thriving world

Putnam's Sustainable Investing team explains how it organizes research themes in a framework of three overarching categories — thriving people, a thriving public, and a thriving planet.

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Toward racial justice

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.

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Improving diversification with convertible bonds

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.

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Mental health: Insights and investment implications

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.

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