Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Putnam Extends Absolute Returns to Target-Date Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 22, 2009

Putnam Extends Absolute Returns to Target-Date Funds

News summary by MFWire's editors

Putnam is taking the absolute return mandate from CEO Bob Reynolds to the next logical step in its effort to rebuild its 401(k) business. The WSJ is among the media outlets that picked up on the incluson of absolute return strategies in Putnam's 10 target-date funds.

Absolute return funds are the backbone to the fund firm's strategy unveiled at the start of this year by Reynolds. Those four earlier absolute return funds attempt to provide three-year returns 100 bps, 300 bps, 500 bps and 700 bps greater than Treasury bills. Those funds invest across equities, fixed income and commodity futures to achieve their objective.

The absolute return funds now have more than $500 million of assets. Since the funds' January launch, more than 3,600 advisors from 400 firms have sold the product, said Jeff Carney, head of global marketing, products and retirement, in an interview with The MFWire.  

Edited by: Sean Hanna, Editor in Chief


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use