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Thursday, February 09, 2012

Putnam Sees a Drop in Assets

Reported by Hung Tran

Great-West Lifeco today reported its sales and asset flows for subsidiary Putnam for last quarter and the full year.

Putnam reported sales for the quarter on their combined mutual fund and institutional business of $5.3 billion, with redemptions of $7.1 billion. The firm also reported assets of $116.7 billion last quarter compared to $121 billion for the same period in 2010. 

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