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ETF of the Week: Putnam Focused Large Cap Growth ETF (PGRO)
ETF Trends CEO Tom Lydon discussed the
Putnam Focused Large Cap Growth ETF (PGRO) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.
PGRO is an actively managed, non-transparent fund that invests in US large-cap growth companies. It focuses on businesses that exhibit both a high level of growth and an above-average duration of growth. Additionally, taking a thematic approach, the fund combines top-down investment themes with bottom-up research to select securities that can benefit from growth trends. Plus, with ownership culture backed by fundamental research, the managers seek out companies with management teams that act like owners.
Putnam Investments Q&A – Discussing Their New Active ETFs June 3, 2021
Last week Putnam Investments released a suite of ETFs focused on mutual funds and investment trusts. ETF Trends was able to speak with Carlo Forcione, Head of Product Strategy at Putnam, about the launch of the firm’s first active ETFs, which included thoughts on how they will leave an impact in the investing world.
ETF Trends: Let’s talk about the different funds – the
Carlo Forcione: It’s always fun to build something new, right? This is the kind of stuff that we get really excited about from a product perspective, developing, innovating, and providing our clients with new tools. The industry has been built on innovation. And if you look at the history of ETFs, we’ve had tremendous growth, obviously, with pure passive strategies since 1993 with SPY.
Keebeck Wealth Management brings Halo's structured products to clients; Putnam's first active ETFs go live; and CoinShares takes a stake in Viridi Funds.
T. Rowe Price announces fee reductions on TDFs and trusts; ICMA-RC details new updates to its managed accounts platform; Northern Trust updates workflow tool; and more.