Welcome!

News Feed Item

Putnam Investments Ranked #1 in Barron's/Lipper Best Mutual-Fund Families Report

Second Time in Four Years That Firm Lands Top Ranking

BOSTON, MA -- (Marketwire) -- 02/11/13 -- For the second time in four years, Putnam Investments has been ranked # 1 in the annual Barron's/Lipper Fund Families Report, based on its funds' performance in 2012.

The latest report, which appears in the February 11, 2013 issue of Barron's, ranks 62 mutual fund companies based on their performance across a variety of asset types, including U.S. Equities, World Equities, Mixed Equities, Taxable Bond and Tax-Exempt Bond. In addition to securing the survey's top spot for its investment performance in 2009, Putnam had a top 14 placement for its 2010 results.

"Our organization takes great pride in bringing its full investment management resources and capabilities to bear every day for financial advisors, institutions and shareholders -- across asset classes, investment styles and industry sectors through an array of traditional and alternative approaches," said Robert L. Reynolds, President and Chief Executive Officer, Putnam Investments. "It is enormously gratifying to see our complex-wide efforts and performance further validated by the prestigious Barron's/Lipper ranking -- and we are deeply honored."

In discussing the Barron's/Lipper distinction, Reynolds pointed to the tireless work, savvy judgment and risk-aware discipline of Putnam's portfolio managers, research analysts, traders and senior investment professionals on its Equity, Fixed Income and Global Asset Allocation teams, all led by Chief Investment Officer Walter Donovan.

Under the overall leadership of Reynolds, who joined the firm in July 2008, Putnam has moved aggressively to strengthen fund performance and its underlying investment unit through a host of steps, including: the build-out of its investment talent through the recruitment of top-tier industry professionals and development of bright prospects from the nation's leading schools, continual upgrade of a high-performance fundamental research team, restructuring of the firm's equity investment division to increase individual fund manager accountability and responsibility, and realignment of manager and analyst incentives to reward those who deliver top-quartile sustained results for investors.

While acknowledging the firm's achievements in 2012, Reynolds pointed to the firm's longer term performance. "We have put together a very formidable body of investment performance over the last four years that the marketplace should increasingly begin to notice and which we want to continue to build on over time," he said. "Our primary goal as an asset management firm is simple: deliver strong, risk-adjusted results to our clients and investors over the long haul. The Barron's/Lipper ranking represents a tremendous point-in-time recognition within our industry, but we will continue to move forward with laser-like focus on our mission."

Performance and Awareness
Last week, Putnam officially announced the launch of an awareness-building campaign, entitled, "New Ways of Thinking," which will stress the importance for financial advisors and investors to continually anticipate the evolution of the investment markets and act to seize a new set of opportunities and mitigate unforeseen challenges. The campaign will officially begin today through a series of new print, direct marketing, and online advertising, and will use a host of content-driven, multi-media vehicles throughout 2013 to communicate the need to incorporate modern, innovative investment approaches into more traditional investment models and mindsets in order to continually stay ahead of the curve.

Recent History of Product Innovation at Putnam
Besides the emphasis on driving performance of existing funds, Putnam has renewed its claim to leadership in mutual fund innovation since 2009, launching 20 new funds designed to help advisors and investors address a new era of opportunities and challenges including:

  • Putnam Absolute Return Funds, the industry's first complete suite of absolute return products; designed to seek positive returns above inflation over a full market cycle regardless of market condition, with lower volatility.

  • Putnam RetirementReady® Funds, the first lifecycle products that give fund managers control over all securities chosen for inclusion in a target-date product.

  • Putnam Equity Spectrum and Putnam Capital Spectrum Funds, which specialize in finding value in the stocks and bonds of undervalued, leveraged companies by investing across the entire capital structure.

  • Putnam Global Sector Funds, the first series of mutual funds to target stocks in sectors across the entire MSCI World Index (as well as Putnam Global Sector Fund, the first fund-of-sector-funds in the global equity space).

  • Putnam Multi-Cap Core, Putnam Multi-Cap Value, and Putnam Multi-Cap Growth Funds, three multi-cap equity funds with exposure to the full array of U.S. stocks within the value, core/blend, and growth style universes.

  • Putnam Dynamic Risk Allocation Fund, which employs a form of risk parity, which the firm has managed for a variety of sophisticated institutional investors for over a half-decade. The Fund provides a different lens on investing by actively and regularly rebalancing varying sources of portfolio risk within and among multiple asset classes.

  • Putnam Short Duration Income Fund that strives for a higher rate of current income than is typical of short-term investments and has a greater focus on capital preservation than is usually associated with ultra-short bond funds, with the goal of maintaining liquidity.

About Putnam Investments
Founded in 1937, Putnam Investments is a leading global money management firm. At the end of January 2013, Putnam had $133 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Beijing, Singapore and Sydney. For more information, visit http://www.putnam.com.

Putnam mutual funds are distributed by Putnam Retail Management.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...