Franklin Templeton has made its high-conviction US equity strategy available to UK investors through the Irish-domiciled Franklin Templeton Global Funds range.
The FTGF Putnam US Research fund adopts a similar strategy to the Putnam US Research Equity strategy, offering large-cap equity exposure in the US market, focusing on stock selection as the primary driver of active returns.
The fund will be co-managed by Boston-based portfolio managers Kate Lakin and Matt LaPlant, who have an average of 22 years in the industry. They will work with the broader Putnam research team, which includes industry veterans based in Boston, London, and Singapore.
The Putnam US Research fund will pursue consistent, superior risk-adjusted returns through a disciplined approach to idea generation, portfolio construction, and risk management, the group said. Managed with a sector-neutral approach, the strategy can own both growth and value stocks.
The managers will take a best ideas approach, with managers on the team responsible for industry-specific areas for stock selection.
See also: Franklin Templeton to make newly-acquired Putnam funds available in UK
The team adopts an opportunistic, targeted approach to research that drives insights and the ability to develop non consensus views about companies’ earnings power and value.
The Putnam strategy was launched in 1995 and has $2.4bn of US client assets.
Harry Reeves, head of sales, UK wholesale, said: “Following the launch of the Putnam US Large Cap Value fund last month, we are excited to add another innovative and high-quality investment solution with the Putnam US Research fund to our UK range. This US Core fund will be a valuable addition to our clients’ portfolios, offering the potential for strong performance in a variety of market conditions.”
Co-manager Kate 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.”
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. This fund was a sub-fund of the Irish domiciled Franklin Templeton Global Funds range and was repositioned into the FTGF Putnam US Research fund effective 28 April 2025.