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Rating:Managers' Track Records Matter, Says Maxey Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 20, 2009

Managers' Track Records Matter, Says Maxey

News summary by MFWire's editors

For many investors, the track record of a fund's manager is just as important as the fund's performance. The Wall Street Journal's Daisy Maxey on Friday, reports that while fund management is extremely important to share holders, it's often difficult and frustrating to call attention to every managerial turnaround.

According to Morningstar, 391 open-ended mutual funds in 2008, and 397 in 2007, saw managerial changes. So far this year, 273 funds have switched managers, out of a total of 6,709 U.S. open-ended funds.

Maxey goes on to highlight a few highly successful Putnam Investment portfolio managers who've been managing Putnam funds for about a year, including Nick Thakore, of the Putnam Voyager; Robert Brookby, manager of the Putnam Growth Opportunities Fund; Jerry Sullivan, a Lipper award winner and manager of the Putnam Investors Fund; and Robert Ewing, manager of Putnam's Fund for Growth and Income

Edited by: Daniel Tovrov

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