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.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elective surgeries to resume and farmers market to reopen next week in IowaIowa's governor has announced plans to start reopening some sectors of the economy on Monday during the Covid-19 pandemic, allowing for hospitals to resume elective surgeries in a phased approach and for farmers markets to reopen with limited operations
Read more »
Stock-Market Rally Fizzles in Week When All Eyes Focused on OilThis week brought a halt, at least temporarily, to the stock market’s rebound, and equities are back to their erratic selves. Here are the week’s winners and losers.
Read more »
‘The Last Dance’ ESPN Doc Boosts Jordan Sneaker Sales in Resale MarketSneaker resale sites saw increases in Jordan Brand sales, searches and prices following the premiere of the documentary on April 19.
Read more »
Oil spikes 9% as market rebound puts negative prices in rear view | Markets InsiderWest Texas Intermediate crude oil tore higher for a second straight session, jumping as much as 9% to $17.95 per barrel on Friday. Brent crude, ...
Read more »
Oil market inferno claims victims of all sizesThis week’s price crash in U.S. crude looks an age-old example of small retail investors getting burned while savvy institutional players supply the matches. That does seem to have been part of the story. But some professional money managers probably also got singed.
Read more »
Stock market investing: How to trade as coronavirus volatility falls - Business InsiderMorgan Stanley explains why the end of wild swings in the stock market is near — and shares the perfect trade to profit from the calm ahead
Read more »