executives on Wednesday said
the four absolute return funds they launched in January
have exceeded $1 billion of assets as of Tuesday.
| Bob Reynolds |
More than 300 brokerage and wirehouse firms and 4,800 financial advisors
have sold the funds, said Putnam CEO Bob Reynolds in an interview.
"We've actually gotten there a little faster than we had originally thought,"
said Reynolds of the $1 billion milestone.
"It's a very successful launch," he added.
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