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Rating:Putnam Trumpets a Milestone
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Wednesday, December 16, 2009

Putnam Trumpets a Milestone

by: Armie Margaret Lee

Putnam Investments executives on Wednesday said the four absolute return funds they launched in January have exceeded $1 billion of assets as of Tuesday.

Bob Reynolds
Putnam Investments
President, CEO
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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