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

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

Rating:Putnam Again Sees Net Outflows Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 26, 2003

Putnam Again Sees Net Outflows

by: Sean Hanna, Editor in Chief

The Dow Jones Industrial Average is once again safely over 9000 (and nearing 10k), tech stocks are roaring back (even Amazon.com) and the recession may be through. One thing has not changed though. Fund shareholders are still pulling cash from Putnam Investments.

The Boston-based unit of Marsh & McLennan Cos. and the nation's fifth largest fund complex as measured by assets saw net outflows of $882 million in August, according to Financial Research Corp. That makes August the 27th consecutive of outflows. Those outflows were also the largest experienced in the industry.

For the year investors have pulled $8.2 billion from Putnam. Janus Capital, with $5.1 billion in outflows ranks second on the list of woe. Janus also ranked second in outflows in August with net redemptions of $756 million.

Meanwhile, the nation's largest fund complex saw inflows for the month. FRC reports that Fidelity Investments pulled in net inflows of $648 million last month.  

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