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Established in 1995, the strategy has $2.4 billion* of client assets across pooled and segregated portfolios.
The strategy pursues consistent, superior risk-adjusted returns through a disciplined approach to idea generation, portfolio construction, and risk management. Managed with a sector-neutral approach, the strategy can own both growth and value stocks.
Invest in stocks that represent the highest-conviction ideas from Putnam’s Equity Research team.
Research by industry experts to develop non-consensus views about companies’ earnings power and value.
Portfolio is naturally diversified, with active management to minimize factor exposures.
A sector-neutral portfolio, relative to the S&P 500 Index, that is constructed of individually managed sleeves, including a risk management sleeve.
Provides a naturally diversified portfolio as a direct result of a focused approach; minimal correlation of alpha among individual sleeves.
Continuous focus on portfolio construction and risk management.
Positive stock selection across all sectors over the trailing 5-year period.
History of consistent high stock-specific alpha over 3- and 5-year periods, with an attractive risk profile.
A veteran team with an average 21 years’ industry experience and 15 years’ tenure at Putnam contribute to stock ideas.
The portfolio managers have an average of 22 years in the industry, with 20 years of combined investment experience. They are supported by a tenured team of more than 30 research analysts with deep sector expertise. Putnam’s research team includes industry veterans in Boston, London, and Singapore.
Director of Research, Portfolio Manager
Industry experience: 16 years
Years at Putnam: 12 years
Portfolio Manager, US Research
Industry experience: 26 years
Years at Putnam: 24 years
Senior Client Portfolio Manager, US Research
Industry experience: 25 years
Years at Putnam: 25 years
Active equity manager, with roots dating back to 1937.
$121 billion in assets under management (as of 31 December 2024), of which $64 billion is invested in value strategies.
Capabilities cover value, core and growth strategies across US large, small- and multi-caps, as well as global, non-US and dedicated sustainable investment solutions.
Boutique mindset backed by the scale and resources of Franklin Templeton, which acquired Putnam in January 2024.
Investment team of 17 portfolio managers and 30+ analysts, with average of 18 years’ experience.
We offer UK investors a diverse range of active and passive strategies – from growth to value and equity income and from mega cap to small cap.
Alpha
Alpha measures the difference between a fund's actual returns and its expected returns given its risk level as measured by its beta. A positive alpha figure indicates the fund has performed better than its beta would predict. In contrast, a negative alpha indicates a fund has underperformed, given the expectations established by the fund's beta. Some investors see alpha as a measurement of the value added or subtracted by a fund's manager.
Information ratio
In investing terminology, the ratio of expected return to risk. Usually, this statistical technique is used to measure a manager's performance against a benchmark. This measure explicitly relates the degree by which an Investment has beaten the Benchmark to the consistency by which the Investment has beaten the Benchmark.
Tracking error
Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark.
* (as of 31/12/2024)
Important Information
For more information on the Putnam US Research Equity strategy, click here
This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice. The views expressed are those of the investment manager and the comments, opinions and analyses are rendered as at publication date and may change without notice. The information provided in this material is not intended as a complete analysis of every material fact regarding any country, region or market. This material is made available by the following Franklin Templeton entities in those countries where it is allowed to carry out relevant business.
Franklin Templeton Investment Management Limited (FTIML), registered office: Cannon Place, 78 Cannon Street, London, EC4N 6HL. Tel +44 (0)20 7073 8500. Authorised and regulated in the United Kingdom by the Financial Conduct Authority.
Please visit www.franklinresources.com to be directed to your local Franklin Templeton website with further contact details/information.
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Investments entail risks, the value of investments can go down as well as up and investors should be aware they might not get back the full value invested.
