NEW YORK—Absolute-return funds may now only total $140 billion, a scant 1.2% of the $11.26 trillion in mutual funds, but that will grow to 10% to 15% over the next decade, predicts Putnam Investments President and Chief Executive Officer Robert Reynolds
Driving this demand will be a listless equity market for the foreseeable future and investors who now prefer positive returns to funds that simply aim to beat a benchmark and adhere to static asset allocation, styles and geographic diversification, said Reynolds and other speakers at Putnam’s Absolute Return Symposium here.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access