Putnam Investments saw $642 million of net redemptions in April, according to a Financial Research Corp. (FRC) estimate. The outflows were the largest among the 25 fund firms tracked by the Boston-based consulting unit of Bisys for the report.

Despite leading the list, the outflows from Putnam funds were roughly half the $1.25 billion that investors pulled from the fund complex in March.

Putnam also leads the 25 fund complexes in total net redemptions for the year so far. Investors had redeemed roughly $4.68 billion from Putnam funds between January 1 and the end of April, according to FRC.  

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