Active Insights

In this episode, Chris speaks with Paul Drury, Portfolio Manager and head of Putnam’s Municipal Bond team.  During the conversation, they touch on many topics, including: 

• The current municipal landscape  
• Tax Plans, and the impact on the muni market
• Infrastructure
• Revenue vs General Obligation bonds
• Muni Yield Curve
• Rate Cycle
• Issuance, Demand and Liquidity

This material is for informational and educational purposes only. It is not a recommendation of any specific investment product, strategy, or decision, and is not intended to suggest taking or refraining from any course of action. It is not intended to address the needs, circumstances, and objectives of any specific investor. This information is not meant as tax or legal advice. Investors should consult a professional advisor before making investment and financial decisions and for more information on tax rules and other laws, which are complex and subject to change. 

Duration measures the sensitivity of bond prices to interest-rate changes. A negative duration indicates that a security or fund may be poised to increase in value when interest rates increase. 

All funds involve risk, including the loss of principal. You can lose money by investing.

 To view additional information including performance and holdings, please visit the Putnam Tax Exempt Income Fund page found on putnam.com. 

 Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund

before investing. For a prospectus, or a summary prospectus if available, containing this and other

information for any Putnam fund or product, call your financial representative or call Putnam at 1-

800-225-1581. Please read the prospectus carefully before investing.

Putnam Retail Management                                                                                       AD1698240 6/21

Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1- 800-225-1581. Please read the prospectus carefully before investing.

In this episode, Chris speaks with Brian Freiwald, Portfolio Manager of Putnam Emerging Markets Equity Fund.  During the conversation, they touch on many topics, including:

• Why Emerging Markets are a good place to be investing, both now and long term
• ESG investing in Emerging Markets
• The lasting effects of Covid-19 on Emerging Markets, and the opportunities it created
• A day in the life of an EM PM
• How Brian utilizes research and his analyst team when implementing new ideas 
• Technology in Emerging Markets
• Latin America’s growing role in Emerging Markets

 ---------

This material is for informational and educational purposes only. It is not a recommendation of any specific investment product, strategy, or decision, and is not intended to suggest taking or refraining from any course of action. It is not intended to address the needs, circumstances, and objectives of any specific investor. This information is not meant as tax or legal advice. Investors should consult a professional advisor before making investment and financial decisions and for more information on tax rules and other laws, which are complex and subject to change.

The S&P 500 Index is an unmanaged index of common stock performance.

Diversification does not guarantee a profit or ensure against loss. It is possible to lose money in a diversified portfolio.

All funds involve risk, including the loss of principal. You can lose money by investing.

To view additional information including performance and holdings, please visit the Putnam Emerging Markets Equity Fund page found on putnam.com. 

Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing. 

Putnam Retail Management                                                                                       AD1659601 5/21

Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1- 800-225-1581. Please read the prospectus carefully before investing.

In this episode, Chris speaks with Jason Vaillancourt, Co-Head of Global Asset Allocation at Putnam Investments.  During the conversation, they touch on many topics, including:

·       The current investment landscape

·       Inflation

·       Monetary Policy

·       The Dollar

·       Asset Allocation and the 60/40 Model

·       The Fed

·       Bitcoin

 ---


This material is for informational and educational purposes only. It is not a recommendation of any specific investment product, strategy, or decision, and is not intended to suggest taking or refraining from any course of action. It is not intended to address the needs, circumstances, and objectives of any specific investor. This information is not meant as tax or legal advice. Investors should consult a professional advisor before making investment and financial decisions and for more information on tax rules and other laws, which are complex and subject to change. 

 Consider these risks before investing: International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. Investments in small and/or midsize companies increase the risk of greater price fluctuations. Bond investments are subject to interest-rate risk, which means the prices of the fund’s bond investments are likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest-rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds, which may be considered speculative. Unlike bonds, funds that invest in bonds have ongoing fees and expenses. Lower-rated bonds may offer higher yields in return for more risk. Funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk. Commodities involve the risks of changes in market, political, regulatory, and natural conditions. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund. 

 Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing. 

 Putnam Retail Management                                                                                                     AD16284834/21 

Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1- 800-225-1581. Please read the prospectus carefully before investing.