Putnam Investments is the inaugural recipient of the Innovation and Growth Forum’s Innovation Award for its suite of absolute return funds. The Forum was launched by Financial Advisor Magazine and Spectrem Group to help asset management firms with their post-economic crisis strategies.
“We are honored to be the initial recipient of this prestigious award, which reflects the commitment to innovation that has characterized Putnam Investments during the past three years,” said Putnam President and CEO Robert L. Reynolds. “In particular, our Putnam Absolute Return Funds seek to address an array of investment needs, including the dampening of market volatility, generating more dependable returns and helping to mitigate potential inflation and longevity risks, all of which are paramount to the confidence of financial advisers and investors.”
Putnam’s four absolute return funds, launched in January 2009, seek to deliver a positive return above inflation, as reflected by Treasury bills.