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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.
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.
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.
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.
Although Putnam Investments itself is not a public company, GWL and Power are traded on the Toronto Stock Exchange.
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.
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.