The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:WSJ Examines Putnam's Newest Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 20, 2010

WSJ Examines Putnam's Newest Fund

News summary by MFWire's editors

In the Fund Track column Tuesday, The Wall Street Journal picked up on Putnam Investments' new fund-of-funds offering. As reported Monday, the Putnam Global Sector Fund invests in eight of the nine funds in the company's Global Sector series, giving it exposure to the complete MSCI World Index.

Jeffrey Carney, head of global marketing, products and retirement at Putnam, told WSJ that sector investing is on the rise, thanks to globalization. He is also confident that the Global Sector Fund will outperform similar index funds.

The fund, managed by Putnam's head of large-cap equity research Andrew Matteis, has a team of 30 domestic and 20 Asian and European analysts behind it.

Jonathan Rahbar, a fund analyst at Morningstar, commented, "The question is, 'Is it a better fund than a competing world-stock fund that doesn't necessarily dabble in each and every sector?' It's difficult to say. That really depends on how well the analysts pick stocks in each of those sectors." 

Edited by: Daniel Tovrov

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use