Putnam Investments has unveiled the industry’s first absolute-return target-date funds, which will combine both conventional investing strategies with absolute-return methods that seek to mitigate market volatility.

“Integrating absolute-return investing into target-date funds is a natural evolution in retirement savings products, bringing long-established institutional strategies to retail retirement funds,” said Putnam President and Chief Executive Officer Robert L. Reynolds. “Given the challenges we face today in saving for retirement, we believe that incorporating absolute-return strategies will add powerful and much-needed diversification to target-date investing, providing investors with what we think is a stronger, more grounded long-term retirement savings vehicle.”

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