|By Marketwired .||
|February 11, 2013 09:52 AM EST||
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.
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, 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. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 26, 2016 08:30 AM EDT Reads: 2,499
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime 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. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
Sep. 26, 2016 08:30 AM EDT Reads: 2,407
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
Sep. 26, 2016 08:15 AM EDT Reads: 2,390
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 26, 2016 08:15 AM EDT Reads: 2,536
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 26, 2016 08:15 AM EDT Reads: 1,541
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
Sep. 26, 2016 07:15 AM EDT Reads: 1,883
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 26, 2016 07:15 AM EDT Reads: 1,598
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 26, 2016 07:00 AM EDT Reads: 2,648
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Sep. 26, 2016 06:45 AM EDT Reads: 1,965
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Sep. 26, 2016 06:45 AM EDT Reads: 1,077
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Sep. 26, 2016 06:30 AM EDT Reads: 2,421
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Sep. 26, 2016 06:30 AM EDT Reads: 1,569
Most of us already know that adopting new cloud applications can boost a business’s productivity by enabling organizations to be more agile and ready to change course in our fast-moving and connected digital world. But the rapid adoption of cloud apps and services also brings with it profound security threats, including visibility and control challenges that aren’t present in traditional on-premises environments. At the same time, the cloud – because of its interconnected, flexible and adaptable...
Sep. 26, 2016 06:15 AM EDT Reads: 1,652
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
Sep. 26, 2016 04:30 AM EDT Reads: 1,418
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
Sep. 26, 2016 04:30 AM EDT Reads: 1,060