Putnam Investments has announced they will be doing a double ETF launch bringing two new actively managed transparent funds. The funds are, the Putnam BDC Income ETF (PBDC) and the Putnam BioRevolution ETF (SYNB). PBDC will mark the first BDC ETF to hit the market looking to actively trade U.S. BDCs. SYNB plans to track companies focused on the convergence of life science sectors.
ETF Newz Says:
Both ETFs plan to enter sectors of the ETF market that haven’t really been tapped so we will have to see how they perform.