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)
- America is Beating Japan in this Retirement Savings Measure, but Not for the Right Reason - June 14, 2019
- Can You Lower Your Property Tax Bill in 8 Steps? - June 13, 2019
- Record Hiring in April - June 12, 2019