Putnam Investments has filed with the SEC to create a tax-managed mutual fund.
The new fund, the Putnam U.S. Core Tax Managed Fund, will begin as an incubator fund - one in which only Putnam employees will be able to invest. But, the Boston company is considering bringing so called "tax-managed" funds to market in the future, a company spokesperson said. If Putnam does so, it would join a growing list of fund companies that are offering tax-sensitive mutual funds targeted to those who are not investing through tax-shelters like individual retirement accounts and 401(k) plans.