Putnam Investments plans to introduce three new alternative types of mutual funds that will be managed by PanAgora Asset Management, a Boston firm that typically manages money for institutions and is majority-owned by Putnam.
The new funds include one aimed at investing money under “varying economic conditions,” and another that’s market neutral — or long/short fund — meaning the managers buy stocks they believe will rise, and bet against others they think will fall.
The third is a managed futures fund, which will use derivatives, or investments linked to the movements of other securities.
Read more here.
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
- Happy Martin Luther King Jr. Day! - January 18, 2021
- Are $2,000 Checks Going to Rebuild NYC? - January 15, 2021
- The Fed is Sacrificing Retirees to Save the Banks - January 15, 2021
- How Are You Doing on a Local Level? - January 14, 2021
- February RAGE Gauge: Americans Focusing on What’s In Front of Them - January 14, 2021