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Fund News Advisors Can Use: Putnam Enters the ETF Market In this week’s fund news, long-time active manager Putnam to launch ETFs, Cubs owner Tom Ricketts merges his bond broker with 280 CapMarkets, and iCapital, CAIA introduce a new alt investing education platform.
Putnam Investments, the 84-year-old Boston-based asset management firm led by President and CEO Bob Reynolds, made its first foray into the exchange traded funds market, launching four semi-transparent active ETFs this week.
The four U.S. equity strategies, including the Putnam Sustainable Leaders ETF, the Putnam Sustainable Future ETF, the Putnam Focused Large Cap Growth ETF and the Putnam Large Cap Value ETF, will be available in the spring. The ETFs are based on existing mutual funds the firm currently manages.
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