The Putnam US Research fund from Franklin Templeton exceeds 1 billion dollars in assets under management
21 JAN, 2026
Franklin Templeton has announced that the FTGF Putnam US Research Fund, domiciled in Ireland, has exceeded 1,000 million dollars in assets under management. The milestone reflects the sustained interest in US equities among investors from Europe and Latin America and the progress of the firm's strategy to bring Putnam Investments' flagship capabilities to international markets.
Despite the high volatility that marked 2025, the demand for large-cap active strategies in the United States remained solid. In the year, 435 new funds were launched that captured 4.6 billion dollars in net flows. Within these new offerings, Putnam led the market: the US Research Fund was the best-selling fund and the US Large Cap Value Fund ranked fifth.
Strategy and management team
The FTGF Putnam US Research Fund offers exposure to large-cap US stocks, with stock selection as the main driver of active performance. The strategy was established in 1995 and brings together 3.9 billion dollars in US client assets through pooled and segregated portfolios.
The management is run by Kate Lakin and Matt LaPlant, CFA, based in Boston and with an average of 22 years of experience, supported by analysts who manage sector portfolios that reflect their best ideas. The strategy team averages more than two decades of experience and collaborates with the Putnam research team in Boston, London, and Singapore.
Throughout the year, the Putnam US Research portfolio benefited from a disciplined, bottom-up approach, focused on companies with undervalued profit potential. Despite the volatility generated by headlines about tariffs, analysts focused on profit generation capacity versus market expectations. The year ended with 80% of companies exceeding consensus estimates, in a favorable environment for fundamentals.
Last year, we set out to broaden clients’ access to Putnam Investments, a top-tier active equity manager. The launch of the Putnam US Large Cap Value Fund in March and the Putnam US Research Fund in April was central to that strategy. We are pleased with the strong demand we have seen for these funds across key markets, at a time when clients are navigating an economic environment marked by broad market participation, volatility and differentiated company results. Surpassing $1 billion in assets under management in just eight months is testament to the combination of Putnam’s strong investment capabilities and the scale and reach of Franklin Templeton’s extensive local presence across the Americas and Europe. In 2026, we plan to build on this success and introduce additional Putnam strategies that will add value to our clients’ portfolios.
Matthew Harrison, Head of the Americas (ex-U.S.), Europe and UK, Franklin Templeton
