Our analysis finds that industry group weightings play a significant role in valuation discrepancies between U.S. and European equities.
Aaron M. Cooper Alexander Rickson, CFA, Quantitative Analyst, Putnam Sustainable Investing team D. William Kohli Norman P. Boucher, Portfolio Manager, and Paul D. Scanlon, CFA Brett S. Kozlowski, CFA Christian J. Galipeau Katherine Collins, CFA, MTS, Head of Sustainable Investing and Stephanie Henderson, Analyst, Equity Research Shep Perkins, CFA, and Simon Davis Daniel Farrell David L. Glancy Daniel J. Graña Darren A. Jaroch Paul M. Drury, CFA, Portfolio Manager and Garrett L. Hamilton, CFA, Portfolio Manager Putnam Fixed Income Team Brett Goldstein, CFA, Portfolio Manager, and Seamus Young, CFA, Investment Director Gerard P. Sullivan Darren A. Jaroch, CFA, Portfolio Manager and Caroline G. Edwards, CFA, Senior Investment Director Jason R. Vaillancourt, CFA Jacquelyne J. Cavanaugh Onsel Emre, Ph.D. Jo Anne Ferullo, CFA Joykrishna Mahato Jeffrey B. Sacknowitz Katherine Collins, CFA, MTS D. William Kohli, Michael V. Salm, and Paul D. Scanlon, CFA Michael J. Atkin Mike Dullaghan Michael P. Wands, CFA Michael V. Salm Christian J. Galipeau and Brendan T. Murray, Senior Investment Directors; Seamus S. Young, CFA, Investment Director Andrew N. O'Brien, CFA, Assistant Director of Equity Research, and Di Yao, Portfolio Manager, Analyst Shep Perkins, CFA, Co-Head of Equities, and Elizabeth Rogers, Analyst Paul D. Scanlon Putnam Global Asset Allocation Team Putnam Investments Putnam Tax Exempt Fixed Income Team Putnam Portfolio Managers Robert L. Davis Robert J. Costello III, CFA Robert L. Reynolds Robert L. Salvin Michael V. Salm, Co-Head of Fixed Income, and Brett S. Kozlowski, CFA Sarah A. Marshall Paul D. Scanlon, CFA, Co-Head of Fixed Income | T.L. Tsang, CFA, Analyst Simon Davis Seamus S. Young, CFA Shep Perkins Tucker P. Donahoe Vivek Gandhi Putnam Investments Walter D. Scully Izzet Yildiz, Ph.D., Analyst | Michael J. Atkin, Portfolio Manager | Jo Anne Ferullo, Senior Investment Director
Risk factor analysis shows that equity market sectors that act like “bond proxies” may be more sensitive to changes in interest rates than bonds themselves.
The 20,000 milestone reached by the Dow Jones Industrial Average (DJIA) garnered major media attention, but that’s due more to the fame of the index.
Is the so-called January Effect a real opportunity for investors, or is it too well-known to be exploited? We offer a number of perspectives.
Our research has identified both near- and long-term investment opportunities in EM countries that may benefit from a combination of policy reform, policy independence, and insulation from falling commodity...