A 47-year era at Putnam is coming to a close. Bob Reynolds
and his team are preparing to merge away Putnam's
] former flagship mutual fund, Putnam Voyager
| Robert Brookby|
On Friday the board filed
with the SEC to shut down the $3.3-billion, one-star, neutral-rated Putnam Voyager Fund
. The plan is to merge the fund into the $609.2-million, three-star Putnam Growth Opportunities Fund
on July 15.
Barron's picked up
on the news. The publication calls Voyager Putnam's "long-time flagship stock mutual fund". In its heyday in 2000, before the bursting of the technology and other pain of the first decade of the new century, Voyager reached $26.2 billion.
will PM the combined fund. Brookby has PMed Putnam Growth Opportunities since 2009, and he took Voyager earlier this year.
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now