PPIE Profile
The Putnam Panagora ESG International Equity ETF is an actively managed fund that targets common stocks of companies based outside the United States, with a particular emphasis on those that meet rigorous environmental, social, and governance (ESG) criteria. The fund is managed by Putnam Investment Management and leverages the expertise of its subadviser, Panagora Asset Management, to identify international companies that are expected to deliver attractive returns relative to benchmark indices while adhering to high ESG standards.
The investment strategy involves a comprehensive approach to selecting stocks based on a blend of growth and value characteristics. The fund seeks to invest in companies of various sizes and sectors that demonstrate strong ESG performance. This includes evaluating companies on their sustainability practices, social responsibility, and governance structures. The goal is to provide investors with exposure to international equity markets while ensuring that the investments align with ethical and socially responsible criteria.
In addition to common stocks, the fund may also invest in other equity-related securities such as preferred stocks, convertible securities, and warrants. It can include American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), which represent shares of foreign companies traded in U.S. and global markets, respectively. This diverse range of equity investments helps the fund achieve broad international exposure and flexibility in its investment approach.
As an actively managed ETF, the Putnam Panagora ESG International Equity ETF focuses on selecting securities that not only offer potential for capital appreciation but also align with the funds ESG objectives. The fund's commitment to integrating ESG factors into its investment process aims to meet the growing investor demand for socially responsible investing while seeking to outperform traditional benchmarks over the long term.
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