What does Putnam ETF Trust - Putnam ESG High Yield ETF do?
Putnam ETF Trust - Putnam ESG High Yield ETF (NYSE:PYHG) focuses on high yield bond investments while integrating Environmental, Social, and Governance (ESG) principles into its investment process. This approach aims to offer investors the dual benefits of potential high returns from high yield bonds and the positive impact of ESG-focused investing. The fund selectively invests in bonds that not only offer high returns but also meet strict ESG criteria, reflecting its commitment to responsible investing. By doing so, Putnam ESG High Yield ETF strives to contribute towards sustainable and ethical business practices across various industries, while seeking to achieve financial growth for its investors. This objective aligns with the growing trend of socially responsible investing, highlighting the fund's efforts to balance financial objectives with broader societal and environmental goals.