Add Putnam Investments of Boston to the list of fund advisers fed up with market timers.

On March 15, for the first time, Putnam imposed a one percent fee on shares redeemed or exchanged within 90 days in two of its mutual funds. The funds are the Putnam Asia Pacific Growth Fund and the Putnam Emerging Markets Fund. The redemption fees only apply to new share purchases made on or after March 15. Existing investments will not be affected, said Putnam in an announcement March 5.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.