and Lipper Research
anointed Putnam Investment Management
the best fund family of 2009. With $43 billion AUM, Putnam tallied the highest average score among the five subdivisions -- U.S. Equity, World Equity, Mixed Equity, Taxable Bonds and Tax-Exempt Bonds -- though it did not receive a number one spot in any of the categories.
Following Putnam, in top-down order, were T. Rowe Price
, Aberdeen Asset Management
, FAF Advisors
, and Nuveen Asset Management
. There were 61 fund families ranked overall, with State Farm
filling the last place.
The market recovery of 2009 certainly helped all the fund firms, but gave Putnam a needed boost in U.S. and World Equity Funds.
Putnam's rise to the top of the list this year seems extremely impressive; the Boston company finished 57th out of 59 on the 2008 list.
The three largest mutual fund firms, Vanguard
, American Funds
, and Fidelity
, placed 40th, 31st and 26th in the performance based ratings respectively. BlackRock
, now the world's largest asset manager, finished at 38. Aberdeen and Frost Investment Advisors
were the smallest fund families on the list, each with under $2 billion AUM.
See the full 2009 rankings here
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