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

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

Rating:Putnam Adds Stable Value to Program Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 16, 2003

Putnam Adds Stable Value to Program

by: Ki Kim

Putnam Investments and the Ohio Tuition Trust Authority are now offering a stable-value fund for the Putnam CollegeAdvantage program, Ohio's 529-college savings plan. The move was made to meet the needs of investors across the country seeking "safe" investments that offer relatively high returns.

"Investors can combine the Stable Value Option with 14 other investment choices currently available through Putnam CollegeAdvantage as part of a diversified 529 portfolio," says Elaine Sullivan, director of education savings at Putnam.

CollegeAdvantage's Stable Value Option invests in fixed-income securities through Putnam Income Fund and Putnam Money Market Fund, and has also entered into an insurance contract issued by Transamerica Life that protects the principal against a loss.

Putnam Investments and the state authority launched the savings plan in October 2000. The other 14 options include 10 individual portfolios, each of which invests in a single underlying Putnam mutual fund; and four asset allocation portfolios, which invest in several underlying funds.

The Stable Value Option is being sold at regular mutual fund prices and is available in Class A (initial sales charge), B (deferred sales charge), C (level load) shares and the O shares available in Ohio. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use