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Investing globally can help your money grow. Investor Education Markets outside the United States can offer faster economic growth and many investment opportunities. Faster growth Abundant choices The global and emerging economies are projected to continue growing faster than that of the United States. Non-U.S. markets compose roughly half of the global opportunity set. Estimated GDP growth (%) United States 52.9% 6 Other 25.5% United Kingdom 6.8% Emerging economies 5 World 4 United States 3 2 Switzerland 3.3% France 3.4% 1 0 Japan 8.1% 2016 2017 2018 Source: International Monetary Fund, World Economic Outlook Database, October 2015. MSCI All-Country World Index, as of 12/31/15. This data is historical, and past performance is not a guarantee of future results. The MSCI ACWI is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The MSCI ACWI consists of 44 country indices comprising 23 developed and 21 emerging-market country indices. The MSCI Emerging Markets Index (ND) is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. The MSCI World Index (ND) is an unmanaged index of equity securities from developed countries. The S&P 500 Index is an unmanaged index of common stock performance. All returns are quoted in U.S. dollars. Indexes assume reinvestment of distributions and do not account for taxes. It is not possible to invest directly in an index. For some years, other international markets not shown also outperformed U.S. stocks. Performance of Putnam funds will differ.