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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. Out of 47 firms (10 year), 49 firms (5 year), and 49 firms (1 year). Based on asset-weighted total return.
The fixed income strategy includes funds with municipal bonds and tax-exempt bonds. Putnam Investment has more than 100 mutual funds and 60 institutional strategies across a range of asset classes and investment styles.
Fund giant Franklin Templeton is buying Putnam Investments for $925 million and receiving a substantial investment from Great-West Lifeco, Putnam's parent company and a subsidiary of Power Corp.
The firm was founded in 1937 by George Putnam, who established one of the first balanced mutual funds: The George Putnam Fund of Boston. Lawrence Lasser joined the company in 1969, and it became "one of the largest managers of mutual funds."
Among 45 odd mutual fund house in India, UTI Asset Management Company Ltd. (UTI AMC) is the oldest India's Mutual Fund Company and the most reputed names. Let us look into this reputed AMC in detail and its most popular schemes available in the market.
WINNIPEG ? ? Great-West Lifeco Inc. (?Lifeco?) [TSX: GWO] today announced that Franklin Resources, Inc. [NYSE: BEN], operating as Franklin Templeton, one of the world's largest independent and diversified asset managers, has agreed to acquire Putnam Investments from Lifeco.
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. Out of 47 firms (10 year), 49 firms (5 year), and 49 firms (1 year). Based on asset-weighted total return.