Following the completion of its acquisition of Putnam Investments on 1 January 2024, Franklin Templeton has announced that it is extending access of its specialist investment manager’s investment capabilities to international clients.
The firm writes that Putnam is a diversified and active equity manager focused on delivering repeatable risk-adjusted returns for investors. As part of its goal to broaden client access to Putnam Investments, Franklin Templeton writes that it plans to bring to market flagship strategies that have delivered strong performance in the US market.
Based primarily in Boston with research offices in London and Singapore, Putnam Investments has a long track record of investment experience with roots going back to 1937. The firm writes that the USD121 billion specialist investment manager offers equity solutions across a range of styles, capitalisation sizes and vehicles. In the US, Putnam Investments manages a range of highly successful stock-driven equity portfolios designed to deliver consistent outperformance while managing downside risk.
Matt Harrison, Head of Americas (ex-US), Europe & UK says: “Franklin Templeton’s acquisition of Putnam Investments last year was an excellent marriage of strong investment capabilities with a very broad and deep distribution footprint across the globe. Building upon Putnam’s strong presence in the US, we want to leverage Franklin Templeton’s extensive local presence across Europe, the Americas, Middle East and Asia to give clients in those regions a wider choice from Putnam’s compelling investment strategies.”
Putnam Investments is distinctive in the way they pursue alpha through a range of strategies defined by deep fundamental research and rigorous portfolio construction. This combination is designed to maximise stock-specific insights and manage downside risks. The investment team is focused on delivering repeatable risk-adjusted returns by amplifying stock risk and reducing factor risk with the goal of delivering a smoother performance journey regardless of style regime.
Jaspal Sagger, Global Head of Product says: “Putnam Investments offers a range of actively-managed strategies that retail, institutional and intermediary clients in the United States have found very appealing due to its consistent performance results and a proven investment process. These capabilities nicely complement the products already available in our pooled product ranges, and we are excited to bring to market new products managed by the Putnam teams.”
Harrison adds: “Putnam’s mix of alpha-generating core building block and satellite sector exposures will add depth and breadth to the product range that we offer to clients. And as many clients seek to consolidate their businesses with fewer managers, Franklin Templeton is well positioned, by virtue of our size and the capacity to offer strategies at scale, to be a key partner to them.”
