When Your Fund Beats the Market, Ask: Which Market?

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The record of a Putnam Investments fund offers a lesson is why appearances can be deceiving

Mutual-fund votes are usually pro-forma rituals in which investors do whatever the fund manager asks. An upcoming one at Putnam Investments should have investors asking what the manager has been doing.

On Apr. 15, shareholders in Putnam Capital Spectrum Fund were scheduled to decide on a proposal to merge the mutual fund out of existence after years of dismal performance. The vote, stymied by the coronavirus shutdown, will likely be rescheduled for later this spring.

 

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U should know the benchmark. self responsibility, its like it is a concept from the 20th century

Not much to worry about Soon the Fed and their friends the Bankers will own the stock-marke. $6.5 trillion up to now the sky is the limit What is your financial forcast for the future with the $12 to $15 trillion addad to the national debt and record unemployment. 0% for 25 years

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