Putnam Emerging Markets Equity Fund
PEMMX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston MA 02109 Boston MA United States of America 02109
- IPO Date
- Sep 30, 2008
- CIK
- 0001845155
- Website
- franklintempleton.com
- Similar Companies
- Business
- Putnam Emerging Markets Equity Fund (PEMMX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in common stocks of emerging market companies across growth and value styles; it normally invests at least 80% of its net assets in equity securities of emerging market companies, employing a concentrated, best-ideas approach targeting 40-60 high-conviction names with a focus on mispriced earnings, quality bias for asymmetric returns, and a blend investment style benchmarked against the MSCI Emerging Markets Index-NR. The fund offers Class A shares with a front-end load of 5.75%, annual dividend distributions, and a portfolio turnover rate of approximately 96%, featuring sector allocations led by information technology (25.68%), financials (22.05%), and communication services (15.92%), with top holdings including Taiwan Semiconductor Manufacturing, Tencent Holdings, and iShares Core MSCI Emerging Markets ETF; it maintains total net assets of $598.07 million, 61 issuers, a forward P/E of 14.48x, weighted average market cap of $341.44 billion, and P/B of 2.70x. The fund, part of Putnam Investments—a global asset manager founded in 1937 and headquartered in Boston, Massachusetts—targets institutional and retail investors in the diversified emerging markets category, with geographic exposure spanning emerging Asia, developed Asia, Latin America, the Middle East, and Eurozone; it is domiciled in the United States, classified under Lipper Emerging Markets Funds, and rated 3 stars by Morningstar. In a major strategic shift, Putnam Investments was acquired by Franklin Templeton on January 1, 2024, from Great-West Lifeco for $925 million, integrating Putnam's $142 billion AUM (as of November 2023) into Franklin Templeton's $1.55 trillion platform, enhancing retirement sector capabilities, defined contribution assets exceeding $100 billion, and complementary strategies like target date funds, stable value, and large cap value while preserving Putnam's investment teams; subsequent developments include extending Putnam's capabilities to international clients in March 2025 and transferring closed-end fund management contracts to Franklin Advisers in July 2024.