Putnam Perspectives

Research insights from active investors

Posts from category: Asset Allocation

Developed markets forge ahead

Emerging markets are vulnerable to the marginal tightening of U.S. monetary policy, we believe, caused by the reduction in bond purchases by the Fed. In December, the Fed announced...

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Egypt in crisis could spark oil price risk

Given our relatively pessimistic outlook for commodities, we have favored a modest underweight stance for this asset class. Commodities generally behave with more momentum than reversion, and entered the...

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Weighing current stock valuations

As 2013 begins, we believe the most important question for investment strategy is whether the secular bear market for stocks has ended. Some evidence suggests it might have. Stock...

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