Putnam Continues to Bleed Assets

Putnam funds have delivered some of the worst performance this year, prompting investors to yank $22.6 billion from the 65-year-old firm through October, the Boston Herald reports. Among other fund companies involved in the fund scandal, Janus has seen the second-highest net outflows, $15.9 billion, also primarily due to poor performance, said Financial Research Corp. Analyst Sam Campbell.

Customers at Strong, Columbia and AIM, also involved in the mêlée, have also taken back billions. But Franklin Templeton's value focus has helped it net $8.6 billion through the end of October.

Meanwhile, Fidelity, American Funds and Vanguard, none of which have been implicated in the market-timing scandal, have continued to be big winners this year. Fidelity alone took in $23 billion in the first 10 months.