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Franklin Templeton is acquiring Putnam Investments from Great-West Lifeco, a deal that will combine two of the largest asset management firms in the U.S.
Founded in 1937, Putnam is a global asset management firm with $136 billion3 in AUM as of April 2023. Putnam has offices in Boston, London, Munich, Tokyo, Singapore and Sydney. Franklin Templeton to Acquire Putnam Investments franklintempleton.com ? news-room ? frank... franklintempleton.com ? news-room ? frank...
As a foundation of the partnership, Franklin Templeton has entered into a definitive agreement to acquire Putnam Investments (?Putnam?) from Great-West for approximately $925 million2 of primarily equity consideration.
Although Putnam Investments itself is not a public company, GWL and Power are traded on the Toronto Stock Exchange.
The mutual fund trust is created by one or more Sponsors, who bring in the initial capital for the mutual fund business. HDFC is the sponsor of HDFC Mutual Fund. The beneficiaries of the mutual fund trust are the investors who invest in various schemes of the mutual fund. The collectively become the beneficiaries. Mutual Funds - IndiaInfoline indiainfoline.com ? what-are-mutual-funds indiainfoline.com ? what-are-mutual-funds
After the death of the first holder, the investments can be transferred to survivors of the joint account. In the case of the demise of all joint holders, the investments can be transferred to the nominee. How to Claim Mutual Fund Investments After Death of Investor etmoney.com ? learn ? how-to-claim-mutual... etmoney.com ? learn ? how-to-claim-mutual...
Putnam Investments ? ETFs, Mutual Funds, Institutional, and 529. Putnam is the only fund family ranked in the top 10 by Barron's across all time periods. Barron's list of Best Fund Families, 2023.