Putnam Investments launch five ESG ETFs

Putnam Investments has launched five new exchange traded funds with a ESG focus.

The new ETFs are:

Putnam ESG Core Bond ETF (NYSE Arca: PCRB): Seeks high current income consistent with what Putnam believes is prudent risk by investing mainly in a diversified portfolio of investment-grade fixed income securities, with a focus on companies or issuers that Putnam believes meet relevant ESG criteria. The fund invests mainly in bonds of governments and private companies located in the United States that are investment grade in quality with intermediate- to long-term maturities (three years or longer). Portfolio Managers: Michael Salm, Andrew Benson, Albert Chan and Sri Mahanti.

Putnam ESG High Yield ETF (NYSE Arca: PHYD): Seeks high current income, with capital growth as a secondary goal when consistent with achieving high current income. The fund invests mainly in bonds that are below investment grade in quality (sometimes referred to as “junk bonds”) that have one or more of the following characteristics: (1) are obligations of U.S. companies or issuers and (2) have intermediate- to long-term maturities (three years or longer). The fund invests with a focus on companies or issuers that Putnam believes meet relevant ESG criteria on a sector-specific basis. Portfolio Managers: Rob Salvin and Norm Boucher.

Putnam ESG Ultra Short ETF (NYSE Arca: PULT): Seeks as high a rate of current income that Putnam believes is consistent with preservation of capital and maintenance of liquidity. The fund invests in a diversified portfolio of fixed income securities composed of short-duration, investment-grade money market and other fixed income securities, with a focus on companies or issuers that Putnam believes meet relevant ESG criteria on a sector-specific basis. Portfolio Managers: Joanne Driscoll, Andrew Benson and Michael Lima.

Putnam PanAgora ESG International Equity ETF (NYSE Arca: PPIE): Seeks long-term capital appreciation by investing mainly in common stocks (growth or value stocks or both) of companies of any size outside the United States with a focus on securities that PanAgora believes offer attractive benchmark-relative returns and exhibit positive ESG metrics based on a proprietary framework using quantitative models. Portfolio Managers: George Mussalli and Richard Tan.

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSE Arca: PPEM): Seeks long-term capital appreciation by investing mainly in common stocks (growth or value stocks or both) of emerging markets companies of any size with a focus on securities that PanAgora believes offer attractive benchmark-relative returns and exhibit positive ESG metrics based on a proprietary framework using quantitative models. Portfolio Managers: George Mussalli and Richard Tan.