MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, November 13, 2008 Red October Hits Putnam's Assets Investors are still digesting third quarter earnings reports, and now they have a hint of what the fourth quarter might look like for asset managers. On Thursday the Boston Business Journal reported that, according to Putnam's website, the Boston-based fund firm's AUM fell more than 15 percent in October, from $137 billion to $116 billion. (The Dow fell 13.95 percent in the same month.) Watch for bad news to seep out from mutual fund companies, too. Printed from: MFWire.com/story.asp?s=19891 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |