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Rating:Putnam Underperformance Weighs on Great-West Shares Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, February 11, 2008

Putnam Underperformance Weighs on Great-West Shares

by: Erin Kello

With Putnam's continued underperformance starting to affect its company's shares, just how much patience does Great-West have with its new acquisition?

Canadian newspaper The Globe and Mail asked Wenli Tan, a mutual fund analyst at Morningstar, for his opinion on the situation. Tan told the paper he wouldn't be surprised if underperformance continues to see changes in high-level management at Putnam. A industry consultant also told the pub something similar to what the MFWire reported in December of 2007, (see: "Putnam May Plug Into New Sales Force in '08", MFWire December 17, 2007) that Great-West may consider making another acquisition and then merging Putnam into it. 

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