Putnam Perspectives

Research insights from active investors

ECB policies navigate uncharted waters

In early June, the European Central Bank embarked on what could be a series of policy decisions to stimulate the region’s economy and reduce the risk of deflation. The ECB cut its key refinancing rate to a historic low of 0.15% and took the unprecedented step of instituting a negative deposit rate of -0.10%, which …

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Real estate recovery gets real

The U.S. housing market appears to be transitioning from a fast-paced recovery to a more mature expansion underpinned by a balanced supply-demand outlook. As a result of higher home...

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Russia poses new risk for Europe

The annexation of Crimea by Russia led to a sharp sell-off in markets and especially in various Russia-exposed stocks. European companies whose businesses are leveraged to the Russian economy...

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