Putnam Investments managed assets worth more than $177 billion as of January 2018, of which $81 billion is allocated to more than 70 mutual funds, including equity and fixed income funds. The company operates in North America, Europe and Asia through offices in Boston, London, Frankfurt, Tokyo, Sydney and Singapore.
After the introduction of its fund in 1937, Putnam Investments gradually evolved as one of the most renowned global financial investment companies. It provides a wide range of financial services, including 60 institutional strategies. At present, the Boston-based company has more than 180 investment professionals.
Below we share with you three top-ranked Putnam mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform peers in the future. Investors can click here to see the complete list of Putnam Investment funds.
Putnam Absolute Return 700 A PDMAX seeks returns that will be higher than the annualized return of U.S. Treasury bills by 7% or 700 basis points. This fund attains its investment objective by combining a beta strategy with an alpha strategy. Putnam Absolute Return 700 A returned 3.5% over the last one-year period.
As of December 2017, PDMAX held 810 issues, with 5.37% of its assets invested in FNMA.
Putnam Global Industrial A PGIAX invests primarily in common stocks, including growth and/or value stocks, of global mid- and large-cap companies that are considered to have strong investment prospects. PGIAX seeks capital growth by investing heavily in securities of companies in the industrials sector.Putnam Global Industrial A has returned 26% over the past year.
Daniel Schiff is the fund manager of PGIAX since October 2016.
Putnam High Yield Y PHAYX seeks high level of income as well as growth of capital. The fund invests mainly in bonds issued by domestic companies that are rated lower than investment-grade. It focuses on investing in bonds, which have maturities from intermediate- to long-term period. Putnam High Yield Y returned 5.1% over the last one-year period.
PHAYX has an expense ratio of 0.79%, compared with the category average of 1.05%.
To view the Zacks Rank and past performance of all Putnam Investment mutual funds, investors can click here to see the complete list of Putnam Investment funds.
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