Putnam Investments expects investors to continue prioritizing risk mitigation and income generation in the current investing environment. To meet that demand, the Boston firm is introducing six new strategies.
The new funds include: Putnam Low Volatility Equity Fund (PLVEX), Putnam Strategic Volatility Equity Fund (PSVEX), Putnam Global Dividend Fund (PGDEX), Putnam Emerging Markets Income Fund (PEMWX), Putnam Short-Term Municipal Income Fund (PSMEX) and Putnam Intermediate-Term Municipal Income Fund (PIMEX).
The launch of the funds tie in with Putnam president and chief executive officer Robert Reynolds' words last week regarding the need for asset managers and advisers to offer value to clients through new innovations.
According to Reynold's these methods include: seeking value beyond mainstream indices, looking to dividend stocks as a key source for income, adopting strategies such as those that invest in low-beta stocks that curb volatility and deliver more reliable returns, incorporating in portfolios absolute return strategies alongside traditional benchmark-driven investments, assessing the real "balance" in investment portfolios via a stringent risk-allocation perspective, and applying Sharpe-ratio (or “high efficiency”) metrics to judge securities and strategies.
Putnam managed $133 billion in assets as of the end of February 2013.