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
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
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...
SYS-CON Events announced today that MangoApps 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. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.