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Putnam Investments to Launch Active ETF Strategies
February 18, 2021 GMT
BOSTON (BUSINESS WIRE) Feb 18, 2021
Putnam Investments today announced that the firm will bring four of its key U.S. equity strategies to market this year in the form of semi-transparent active exchange-traded funds (ETFs), with the first of the products expected to be available in the spring, upon completion of the registration process. These offerings will represent the first ETF products provided by the company, which currently makes available an array of retail mutual funds, separately managed accounts, collective investment trusts, private funds and non-U.S. funds.
Fund News Advisors Can Use: Putnam Enters the ETF Market In this week’s fund news, long-time active manager Putnam to launch ETFs, Cubs owner Tom Ricketts merges his bond broker with 280 CapMarkets, and iCapital, CAIA introduce a new alt investing education platform.
Putnam Investments, the 84-year-old Boston-based asset management firm led by President and CEO Bob Reynolds, made its first foray into the exchange traded funds market, launching four semi-transparent active ETFs this week.
The four U.S. equity strategies, including the Putnam Sustainable Leaders ETF, the Putnam Sustainable Future ETF, the Putnam Focused Large Cap Growth ETF and the Putnam Large Cap Value ETF, will be available in the spring. The ETFs are based on existing mutual funds the firm currently manages.