Putnam PanAgora ESG Emerging Markets Equity ETF
PPEM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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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
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- One Franklin Parkway San Mateo CA United States of America 94403
- IPO Date
- Jan 20, 2023
- CIK
- 0001424958
- Website
- franklintempleton.com
- Similar Companies
- Business
- Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in common stocks of emerging markets companies of any size, focusing on those exhibiting positive environmental, social and governance (ESG) metrics and attractive benchmark-relative returns. The fund employs a disciplined, risk-aware quantitative strategy and proprietary alpha model to construct a well-diversified portfolio, identifying return drivers based on competitive advantage, governance, sustainability, and financial health; it benchmarks against the MSCI Emerging Markets Index-NR and distributes dividends annually. Top holdings as of recent data include Taiwan Semiconductor Manufacturing Company Limited (approximately 9-12%), Tencent Holdings Limited, Alibaba Group Holding Limited, Infosys Limited, and NetEase, Inc., with sector allocations emphasizing financial services, communication services, and consumer cyclical; geographic exposure spans China (29%), Taiwan (22%), South Korea (15%), India (13%), Brazil, and others across more than 100 issuers. Launched on January 19, 2023, and listed on NYSE Arca under ticker PPEM (CUSIP 746729706), the ETF is sponsored by Putnam Investments, now a Franklin Templeton company following the completion of Franklin Templeton's $925 million acquisition of Putnam from Great-West Lifeco on January 1, 2024; sub-advised by affiliate PanAgora Asset Management, Inc., which specializes in quantitative equities since 1989 and was fully acquired by Putnam in 2018. Headquartered in the United States with PanAgora based in Boston, the fund targets institutional and retail investors seeking ESG-integrated emerging markets equity exposure, maintaining net assets around $52.50 million, a net expense ratio of 0.60%, and approximately 1.9 million shares outstanding as of late 2025. In recent developments, PPEM continues as part of Putnam's suite of transparent active ETFs launched in 2023, including five ESG-focused products co-advised by PanAgora; no major acquisitions, funding rounds, or strategic shifts specific to PPEM have been announced in 2024-2025, though portfolio allocations reflect ongoing quantitative adjustments amid emerging markets volatility. The fund operates amid Franklin Templeton's expanded ETF offerings post-Putnam integration, with geographic focus adapting to regions like China, Taiwan, and India while adhering to ESG criteria that may limit opportunities relative to non-ESG peers.