Investors liked the idea of absolute return mutual funds, pumping $149.6 million into Putnam Investments' suite of the funds in their inaugural quarter.

Launched on Jan. 13, the Putnam Absolute Return 100 Fund, 300 Fund, 500 Fund and 700 Fund aim to seek total above-inflation returns of 1%, 3%, 5% or 7%, respectively, as measured by Treasury bills. The funds are designed to provide positive returns whether markets rise or fall.

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