International markets rouse from their slumber
The global economy is finding new engines of growth in the developed markets. U.K. policy mix has improved In the United Kingdom, we see a balance of fiscal retrenchment...
Putnam Perspectives
Research insights from active investors
Posts by: Putnam Portfolio Managers
Consumer and business spending could lift stocks
U.S. GDP growth during the recovery, underway since the middle of 2009, is among the weakest in recent history. It has averaged a little over 2% for the past...
Fed’s tapering talk may trigger more volatility
The Fed’s comments in May and June about reducing its asset purchase program generated significant interest-rate volatility in the United States, changing the opportunity set for fixed-income investors. Spread...
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...
Four views on China
With its meteoric rise to become the world's second-largest economy, China is an engine of global growth and is currently expanding much faster than developed nations still struggling to...
Health-care investing: What is the prognosis for emerging markets?
Over the next 10 years, some of the greatest growth in health-care spending is projected for emerging markets such as China, India, and Brazil. For many reasons, growth opportunities...
All that glitters: Golden opportunity?
With political unrest and natural disasters around the world in recent weeks, investors rushed to gold as a safe haven and sent prices soaring. But while investors choose gold...
Why the ratings don’t always reflect the risk
One of the key strategies that several Putnam fixed-income funds have successfully employed is the use of non-agency residential mortgage-backed securities (RMBS). As the name would imply, these securities...
China’s newly minted wealthy behind luxury-spending surge
While overall consumer spending continues to fluctuate this year between marginal growth and zero growth, luxury spending is experiencing a rebound. Often considered a harbinger for consumer spending in...