Putnam Releases Absolute Return Suite
A Putnam news release said the new offerings include four funds with specific targets, each geared to meet different investor needs and each investing in a different mix of assets. They include:
- Putnam Absolute Return 100 Fund – seeks to outperform inflation by 1% as measured by T-bills
- Putnam Absolute Return 300 Fund – seeks to outperform inflation by 3% as measured by T-bills
- Putnam Absolute Return 500 Fund – seeks to outperform inflation by 5% as measured by T-bills
- Putnam Absolute Return 700 Fund – seeks to outperform inflation by 7% as measured by T-bills
According to the company, the lead manager of
Putnam Absolute Return 500 Fund and Putnam Absolute
Return 700 Fund is Jeffrey L. Knight, Deputy Head of
Investments and Chief Investment Officer, Global Asset
Allocation. The lead manager of Putnam Absolute Return
100 Fund and Putnam Absolute Return 300 Fund is Rob A.
Bloemker, Deputy Head of Investments and Chief Investment
Officer, Fixed Income.
The funds offer advisers the tools to more precisely
customize portfolios and help manage volatility because
the funds are designed to provide positive returns over
time, with less volatility than more traditional
offerings.
“Investors and financial advisers are hungry for solutions that target positive returns in good markets or bad and offer a way to venture back into investing,” said Putnam Investments President and Chief Executive Officer Robert L. Reynolds, in the announcement. “Diversification and commitment to absolute return strategies can be crucial to long-term investment success, and we believe investors will welcome the opportunity to invest in these funds.”
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