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Products April 19, 2010
Putnam Introduces New Global Sector Fund
April 19, 2010 (PLANSPONSOR.com) - Putnam Investments has launched what it says is the first fund-of-sector-funds in the global equity space providing exposure to all sectors contained in the MSCI World Index.
Reported by Rebecca Moore
Putnam Global Sector Fund invests in eight Putnam global sector funds: Consumer; Natural Resources; Technology; Financials; Utilities; Health Care; Telecommunications; and Industrials. The fund’s assets will be allocated among the underlying sector funds to provide exposure to the global market in the same proportions as their sector weightings in the MSCI World Index, and will be rebalanced quarterly to remain in alignment with the fund’s benchmark index, according to a press release.
In conjunction with the fund launch, Putnam is introducing a new online Global Sector Portfolio Modeling Tool, which allows advisers and investors to build model portfolios of Putnam global sector funds and compare the characteristics of such portfolios to the MSCI World Index. Users can adjust the sector weightings of model portfolios to see how it affects such portfolio characteristics as price/cash flow, market capitalization, return on equity, and earnings growth.
Advisers can also use the Sector Modeling Tool to receive detailed information on each of the Putnam global sector funds, including current top ten and historical holdings, country composition, and top over- and under-weights versus the MSCI World Index. In addition, the Sector Modeling Tool can assist intermediaries in constructing a customized portfolio for their clients employing the new Global Sector Fund and the individual Putnam global sector funds.
More information is at http://www.putnam.com/globalsector.