Alternative Investments/ESG: Putnam Launches New Active ETFs Based On Its Leading Equity Strategies

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Of the four new ETFs, two have ESG-focused portfolios.

Putnam Investments has leveraged four of its leading equity strategies to launch its first ETF products. The actively managed ETFs are Putnam Sustainable Leaders ETF (PLDR), Putnam Sustainable Future ETF (PFUT), Putnam Focused Large-Cap Growth ETF (PGRO), and Putnam Focused Large-Cap Value ETF (PVAL). They all trade on the NYSE effective today. (BusinessWire)

Robert L. Reynolds, President and Chief Executive Officer, Putnam Investments said the new, active funds relied upon the firm’s time-tested, active management expertise.

The four ETFs have underlying investment portfolios similar to the firm’s existing mutual fund and separately managed account strategies and utilize the same portfolio managers and research teams as those related products.

Two of the ETFs, which come with a sustainable label, are detailed below.

Putnam Sustainable Leaders ETF (Ticker: PLDR)

Managed by Katherine Collins and Stephanie Dobson, the ETF invests in U.S. companies (of any size) that are established leaders in financially material sustainability issues.

The fund has a total expense ratio of 0.59%.

Putnam Sustainable Future ETF (Ticker: PFUT)

Managed by Katherine Collins and Stephanie Dobson, this ETF invests in solutions-oriented U.S. companies (of any size) that offer innovative ways to address key sustainability challenges.

It has a total expense ratio of 0.64%.

Active funds

“We very deliberately chose four of our leading equity strategies, including two ESG-focused portfolios, to provide the marketplace with Putnam’s unique brand of active investing combined with the benefits of an ETF wrapper,” said Reynolds.

The ETFs will rely on the Fidelity tracking basket methodology for active equity ETFs. This will allow the fund managers to maintain the confidentiality of the holdings. At the same time, market makers will have enough information to effectively make markets in the shares of the ETFs.

Related Story:   Gabelli Launches The “Love Our Planet & People (LOPP)” ETF

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