Putnam PanAgora ESG International Equity ETF
PPIE
New York Stock Exchange Arca28.10
USD
+0.01
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Putnam PanAgora ESG International Equity ETF
PPIE
(New York Stock Exchange Arca)
Recent
price
28.10
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div
yld
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ROIC.AI
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- Business
- Putnam PanAgora ESG International Equity ETF (PPIE) is an exchange-traded fund that seeks long-term capital appreciation by investing primarily in common stocks of mid- and large-cap companies outside the United States, with a focus on those exhibiting positive environmental, social, and governance (ESG) metrics and attractive benchmark-relative returns; it employs a disciplined, risk-aware quantitative strategy utilizing an alpha model that evaluates competitive advantages, market power, governance, and sustainability factors. The fund tracks the MSCI EAFE Index (Net Return) as its benchmark, distributes dividends annually, and maintains a portfolio diversified across developed markets in Europe, Japan, and other regions, with top holdings including Novartis AG, Intesa Sanpaolo S.p.A., Swiss Re AG, 3i Group PLC, and Vinci SA. Launched on January 19, 2023, and listed on NYSE Arca, PPIE is managed by Franklin Templeton Investment Solutions, leveraging quantitative expertise dating back to 1989. Putnam Investments, the original sponsor, maintains a net expense ratio of 0.49% for the fund, with total net assets under management of approximately $253 million to $273 million as of late 2025; it targets institutional and retail investors seeking ESG-integrated international equity exposure in the foreign large blend category. Geographically, the fund operates with primary exposure to developed international markets including Europe (prominent positions in Switzerland, Italy, UK, and France) and Japan (about 20% allocation), serving a global investor base through U.S.-domiciled shares. In a major development, Franklin Templeton completed its acquisition of Putnam Investments from Great-West Lifeco on January 1, 2024, for approximately $925 million, integrating Putnam's $142 billion in assets under management (excluding PanAgora) and enhancing Franklin Templeton's scale in retirement solutions, target-date funds, stable value, and large-cap value strategies; this transaction elevated Franklin Templeton's total AUM to $1.55 trillion and positioned Putnam's ESG ETFs, including PPIE, under Franklin Templeton's global infrastructure for improved risk management, operations, and technology. Post-acquisition, Franklin Templeton announced plans in May 2025 to convert 10 Putnam municipal bond mutual funds to ETFs by Q1 2026, signaling broader ETF expansion leveraging Putnam's capabilities, though PPIE's quantitative team and client relationships remain intact with minimal disruption.