Putnam Investments to Launch Three Active Equity Exchange-Traded Funds
Putnam Investments today announced that it will launch three actively managed, transparent exchange-traded funds (ETFs) in the coming months, pending completion of the regulatory filing process.
The new ETFs will each have a distinct investment focus:
Building on the firm's launch of its first four active ETFs last year, the new products will leverage existing investment expertise and capabilities within Putnam and are designed to provide the marketplace with access to three compelling strategies within an ETF format.
"Putnam continues to bolster its product lineup by bringing thoughtful, innovative strategies to the marketplace," said Robert L. Reynolds, President and Chief Executive Officer, Putnam Investments. "We are excited to offer investors and advisors a dynamic set of investment opportunities, which will be meaningful additions to Putnam's growing ETF roster."
The ETF strategies expected to be launched by Putnam in the coming months include:
"The new ETFs are an extension of Putnam's equity investment capabilities that apply traditional fundamental research, currently employed in an array of products offered by our firm across retail mutual funds, ETFs, separately managed accounts, collective investment trusts, private funds and non-U.S. funds," Forcione continued.
Putnam launched its first four active ETFs in May 2021: Putnam Focused Large Cap Growth ETF; Putnam Focused Large Cap Value ETF; Putnam Sustainable Future ETF; and Putnam Sustainable Leaders ETF.
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NOTE: The registration statement relating to these securities has been filed with the SEC but is not yet effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.