Putnam Investments plans to introduce three new alternative types of mutual funds that will be managed by PanAgora Asset Management, a Boston firm that typically manages money for institutions and is majority-owned by Putnam.
The new funds include one aimed at investing money under “varying economic conditions,” and another that’s market neutral — or long/short fund — meaning the managers buy stocks they believe will rise, and bet against others they think will fall.
The third is a managed futures fund, which will use derivatives, or investments linked to the movements of other securities.
Read more here.
Latest posts by E.J. Smith (see all)
- Your Retirement Life: Is Owning a Second Home a Good Idea? - October 17, 2018
- Your Retirement Life: A Dire Warning Part III - October 16, 2018
- This Harvard Professor Thinks a Recession Might Be Coming - October 14, 2018