Month: September 2022

BOSTON, September 28, 2022 – On Friday, September 30, Putnam Investments will begin to offer two new transparent, actively managed, equity exchange-traded funds (ETFs). The firm will be launching Putnam BDC Income ETF, concentrating in business development companies (BDCs), and Putnam BioRevolutionTM ETF, centered on companies operating at the intersection of technology and biology in the “biology revolution.”

One important milestone of the upcoming launch is that the Putnam BDC Income ETF will represent the first actively managed BDC ETF in the marketplace, investing in a host of BDC opportunities with an eye toward generating income for investors.

“Putnam is excited to bring these two dynamic new strategies to market as we seek to address the long-term investment needs of advisors and their clients,” said Robert L. Reynolds, President and Chief Executive Officer, Putnam Investments. “Our firm is focused on providing unique and differentiated offerings — delivered through a variety of vehicles — that tap Putnam’s deep investing expertise and exceptional research capabilities.”

The two transparent, active equity ETF strategies to be launched by Putnam on September 30 are:

Putnam BDC Income ETF (NYSE Arca: PBDC)

• Invests in exchange traded BDCs based in the U.S. and registered with the SEC. BDCs generally invest in, lend capital to or provide services to privately held U.S. companies or thinly traded U.S. public companies
• Putnam has managed a similar non-public BDC-focused strategy for nearly five years
• Managed by Michael Petro

Putnam BioRevolutionTM ETF (NYSE Arca: SYNB)

• Invests in companies that seek to capitalize on the convergence of technological developments in the life sciences sector, including technology-enabling companies, synthetic biology companies, and companies that operate in industries that are likely to benefit from the biology revolution
• Managed by William Rives

“We have identified BDCs and advances in the biology sector as providing distinctive opportunities for investors in rapidly evolving sectors of the economy,” said Carlo Forcione, Head of Product and Strategy at Putnam Investments. “Our new ETFs represent innovative, early-to-market offerings that will align well with the portfolio construction needs of our clients and the broader marketplace.”

Active ETF Lineup at Putnam

The two new ETFs available later this week will join the firm’s four existing active ETFs, launched by Putnam in May 2021: Putnam Focused Large Cap Growth ETF (NYSE Arca: PGRO), Putnam Focused Large Cap Value ETF (NYSE Arca: PVAL), Putnam Sustainable Future ETF (NYSE Arca: PFUT), and Putnam Sustainable Leaders ETF (NYSE Arca: PLDR).

Putnam’s ETFs employ the firm’s established active investment approach, characterized by rigorous fundamental research and advanced risk management techniques in pursuit of alpha generation for investors. At the same time, they have attractive features that have made ETFs popular more generally, including intraday liquidity and enhanced tax efficiency.

About Putnam Investments

Founded in 1937, Putnam Investments is a global money management firm with over 80 years of investment experience. At the end of August 2022, Putnam had $169 billion in assets under management. Putnam has offices in Boston, London, Munich, Singapore, Sydney and Tokyo. For more information, visit putnam.com.

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BOSTON, September 7, 2022 – Putnam Investments today announced that it has appointed Jacquelyn (“Jackie”) S. VanderBrug as Head of Sustainability Strategy for the firm, a new position that will report to Putnam President and CEO Robert L. Reynolds. She will also join the company’s Operating Committee.

In helping to drive Putnam’s work in the sustainability arena, VanderBrug will lead a host of key ESG-focused business functions, such as Stewardship, Engagement, and Partnerships, and ESG Strategy and Integration. She will work closely with an array of internal partners, including Katherine Collins, Head of Sustainable Investing, and Catherine Saunders, Head of Corporate Sustainability.

A respected 30-year industry veteran, thought leader and author, VanderBrug joins Putnam from Bank of America, where she most recently served as Head of Sustainable and Impact Investment Strategy.

“We are thrilled to welcome Jackie to Putnam, where she will play an integral role in further expanding our firm’s focus in the critical realm of sustainability,” said Reynolds. “At a time when ESG-related questions are rising in complexity and intensity, we are focused on further strengthening our investment-centric approach to these issues.

“Putnam will greatly benefit from Jackie’s extensive expertise and hands-on leadership as we continue our journey in this area for clients, associates and the broader community,” he explained.

VanderBrug comes to Putnam from Bank of America, where she most recently served as Head of Sustainable and Impact Investment Strategy in the Chief Investment Office for Merrill and Bank of America Private Bank since 2018. In this role, she developed investment solutions, thought leadership and tools to assist clients across the wealth management spectrum in meeting long-term financial objectives while generating positive social and environmental impact.

Prior to joining the Bank in 2013, VanderBrug was a Managing Director at Criterion Ventures, where she began in 2004. Earlier, she was Co-Founder and Executive Director for Work in Progress (a non-profit network of college-based jobs), Vice President and Director of Business Development at iBASIS, Managing Associate at CSC Index, and Programming Analyst for the United States Congress.

She is active with a number of professional organizations, including U.S. Sustainable Investment Forum, Aspen Institute, Gender Smart, Trustees of the Donations, and Duke University i3 (Impact Investing Initiative). Additionally, VanderBrug is a published author on a range of subjects, such as Women, Millennials and Investing for Impact, Gender Lens Investing: Uncovering Opportunities for Growth, Returns, and Impact, “The Rise of Gender Capitalism,” and “The Global Rise of Female Entrepreneurs.”

VanderBrug has a B.S. from Calvin College and an M.B.A. from the University of Michigan.

Sustainability at Putnam

Putnam is committed to making its business sustainable by building a resilient investment process, ensuring the highest standards of ethics and service, and developing an inclusive workplace culture engaged with our community. The firm believes that sustainability is an evolving concept, and as such, Putnam is constantly evaluating the impact of policies and practices on its business, people, and community.

About Putnam Investments

At the end of July 2022, Putnam had $176 billion in assets under management. Putnam has offices in Boston, London, Munich, Singapore, Sydney and Tokyo. For more information, visit putnam.com.

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