Putnam Investments last Tuesday announced a host of initiatives to improve fund transparency and lower costs - which some reports estimate will reduce fees by some $35 million.

The moves were voluntary and not a part of the firm's settlement with the SEC, Gordon Forrester, director of marketing for Putnam's retail funds operations, told MME.

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.