Franklin Templeton has introduced the FTGF Putnam US Research Fund, a sub-fund of the Irish-domiciled Franklin Templeton Global Funds plc range, to European and UK investors.

The high conviction core fund is Article 8 compliant under the Sustainable Finance Disclosure Regulation (SFDR) and will seek to combine ideas from Putnam’s research team with dedicated risk management overlay.

It will adopt a similar approach to the Putnam US Research Equity strategy, offering US large-cap equity exposure, focusing on stock selection as the primary driver of active return.

This strategy was established in 1995 and has $2.4bn of US client assets across pooled and segregated portfolios.

Franklin Templeton said the Putnam US Research Fund will pursue consistent, superior risk-adjusted returns through a disciplined approach to idea generation, portfolio construction, and risk management.

Managed with a sector-neutral approach, the strategy can own both growth and value stocks.

The fund will be co-managed by portfolio managers, Kate Lakin and Matt LaPlant, who have an average of 22 years of experience in the industry.

The FTGF Putnam US Research Fund comes to market with approximately $169m in assets under management, following the repositioning of the FTGF Clearbridge US Appreciation Fund.

“Putnam is a world-class manager, renowned for its deep research capabilities, disciplined investment processes, and a proven track record of delivering consistent results,” commented Franklin Templeton head of Americas (ex-US), Europe and UK, Matt Harrison.

“Following the launch of the Putnam US Large Cap Value Fund last month, we are excited to give investors access to another innovative, high-quality investment solution with the Putnam US Research Fund.

“This sector-neutral portfolio, relative to the S&P 500 index, seeks to generate differentiated alpha through its construction of individually managed sleeves.

“Capitalising on the expertise of Putnam’s tenured and experienced research team, the fund will focus on providing stock-specific alpha that can offer attractive and complementary exposures to client portfolios.”

Lakin added: “The fund is the powerful combination of our fundamental research engine paired with purposeful risk management. It is at the heart of everything we do.

“Our tenured team has deep sector expertise focused on driving returns from stock selection leading to outperformance in a variety of market environments.”

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