Putnam ESG High Yield ETF (PHYD)
Putnam ESG High Yield ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in San Mateo, CA, US. The stock last traded at $50.85, up 0.17% on the session, giving a market capitalisation of $234.9M. Its beta of 0.59 implies it has historically moved less than the broad market.
The fund's principal aim is to provide a high level of current income. Capital growth serves as a secondary objective, contingent upon it being compatible with the primary goal of income generation. Its investments are predominantly in bonds of below-investment-grade quality. A core strategy involves targeting companies or issuers that the fund's manager determines to satisfy pertinent environmental, social, and governance (ESG) standards, evaluated within each specific sector.
Putnam ESG High Yield ETF is most often compared with the following Financial Services names: