Putnam plans five ESG fixed income ETFs

Will be underlying components for Putnam's ESG-focused target-date series

Putnam Investments is bringing five exchange-traded funds to the market that all have a focus on ESG investing.

Three of Putnam’s ETFs will be fixed income strategies built upon the capabilities and experience of Putnam’s internal fixed income team: ESG Core Bond, ESG High Yield and ESG Ultra Short.

The other two, ESG International Equity and ESG Emerging Markets Equity, are quantitative equity strategies that will be sub-advised by Putnam affiliate PanAgora Asset Management.

Putnam will be the sponsor and investment adviser on all five ETFs.

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In addition to Putnam’s existing Sustainable Leaders ETF and Sustainable Future ETF, the five new active ETFs will serve as the underlying components of the company’s ESG-focused target-date series, the Putnam Sustainable Retirement Funds.

This new suite of TDFs will be implemented in the coming months through a repositioning of the firm’s existing RetirementReady Funds series.

“We believe in the value and importance of these strategies in building a long-term investment portfolio,” Robert Reynolds, president and CEO of Putnam Investments, said in a statement.

“We have seen growing interest from many corners of the marketplace for ESG investing across a range of asset classes — and are excited to introduce these new fixed income and quantitative equity ETFs to our lineup.”

This story first appeared on InvestmentNews.