We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Since its first fund in 1937, Putnam Investments has gradually evolved as one of the most renowned financial investment companies in the world. Putnam had assets of $171 billion under its management as of November 2017, of which mutual fund assets comprised $79 billion. The fund family allocated its assets in more than 70 mutual funds including both equity and fixed income funds.
The company has over 180 investment professionals and provides a wide range of financial services including 60 institutional strategies. It now has presence in North America, Europe and Asia with offices in London, Boston, Tokyo, Frankfurt, Singapore and Sydney.
Putnam Global Equity A (PEQUX - Free Report) seeks growth of capital. PEQUX invests heavily in common stocks of mid- and large-cap companies, which have strong investment prospects. The fund invests not only in developed countries but also in emerging markets. Putnam Global Equity A has one-year annualized returns of 26.4%.
As of September 2017, PEQUX held 148 issues, with 2.98% of its assets invested in Alphabet Inc.
Putnam Tax-Free High Yield Y (PTFYX - Free Report) invests primarily in bonds that offer federal income tax exempted interest. PTFYX seeks growth of income by investing in investment-grade and below-investment-grade securities, which have maturities of three years and more. Putnam Tax-Free High Yield Y has one-year annualized returns of 8.5%.
Garrett Hamilton is one of the fund managers of PTFYX since 2016.
Putnam Global Technology A (PGTAX - Free Report) seeks appreciation of capital. PGTAX invests the lion’s share of its assets in securities of technology companies. The fund invests mainly in large- and mid-cap tech companies that are expected to have encouraging investment prospects. Putnam Global Technology A has one-year annualized returns of 45.9%.
PGTAX has an expense ratio of 1.28% as compared with the category average of 1.44%.
Image: Bigstock
3 Top-Ranked Putnam Mutual Funds to Invest In
Since its first fund in 1937, Putnam Investments has gradually evolved as one of the most renowned financial investment companies in the world. Putnam had assets of $171 billion under its management as of November 2017, of which mutual fund assets comprised $79 billion. The fund family allocated its assets in more than 70 mutual funds including both equity and fixed income funds.
The company has over 180 investment professionals and provides a wide range of financial services including 60 institutional strategies. It now has presence in North America, Europe and Asia with offices in London, Boston, Tokyo, Frankfurt, Singapore and Sydney.
Below we share with you three top-ranked Putnam mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Putnam Investment funds.
Putnam Global Equity A (PEQUX - Free Report) seeks growth of capital. PEQUX invests heavily in common stocks of mid- and large-cap companies, which have strong investment prospects. The fund invests not only in developed countries but also in emerging markets. Putnam Global Equity A has one-year annualized returns of 26.4%.
As of September 2017, PEQUX held 148 issues, with 2.98% of its assets invested in Alphabet Inc.
Putnam Tax-Free High Yield Y (PTFYX - Free Report) invests primarily in bonds that offer federal income tax exempted interest. PTFYX seeks growth of income by investing in investment-grade and below-investment-grade securities, which have maturities of three years and more. Putnam Tax-Free High Yield Y has one-year annualized returns of 8.5%.
Garrett Hamilton is one of the fund managers of PTFYX since 2016.
Putnam Global Technology A (PGTAX - Free Report) seeks appreciation of capital. PGTAX invests the lion’s share of its assets in securities of technology companies. The fund invests mainly in large- and mid-cap tech companies that are expected to have encouraging investment prospects. Putnam Global Technology A has one-year annualized returns of 45.9%.
PGTAX has an expense ratio of 1.28% as compared with the category average of 1.44%.
To view the Zacks Rank and past performance of all Putnam Investment mutual funds, investors can click here to see the complete list of Putnam Investment funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>