Putnam Investments has created a new, dedicated Defined Contribution Investment-Only website to further bolster its DCIO business.
The new website will include:
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“There is an enormous opportunity to provide investment-only services and thought leadership to the retirement market in the coming years, given demographic trends, changing regulatory environment and demand for new solutions,” stated Edmund Murphy, Head of Defined Contribution, Putnam Investments.
Murphy pointed to research reported earlier this year by Strategic Insight, which indicated that the DCIO market is set to grow to 60% of total DC assets by 2017, up from an estimated 52% at year-end 2011.
Currently, Putnam manages approximately $11 billion for DCIO clients.