Putnam launches its first ETFs

Putnam Investments launched four actively managed exchange-traded funds Wednesday, its first ETF offerings.

The four funds, which began trading on the New York Stock Exchange, are: Putnam Sustainable Leaders ETF (PLDR), Putnam Sustainable Future ETF (PFUT), Putnam Focused Large Cap Growth ETF (PGRO), and Putnam Focused Large Cap Value ETF (PVAL).

The ETFs, which the company announced in February, are based on equity strategies used by the asset manager’s mutual funds and managed accounts. Their expense ratios range from 55 basis points to 64 basis points.

Putnam has $197 billion in assets under management, including $97 billion in mutual funds.

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As our second lead editor, Cindy Hamilton covers health, fitness and other wellness topics. She is also instrumental in making sure the content on the site is clear and accurate for our readers. Cindy received a BA and an MA from NYU.

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