Putnam Investments launched a family of four absolute return mutual funds designed to provide returns of 1%, 3%, 5%, or 7% above those of Treasury bills over a period of three years or more. In addition to the funds' specific return targets, each invests in a different mix of assets, according to the company. The four funds in the family are the:
Putnam Absolute Return 100 Fund, which seeks to outperform inflation by 1% as measured by T-bills; Putnam Absolute Return 300 Fund, which seeks to outperform inflation by 3% as measured by T-bills; Putnam Absolute Return 500 Fund, which seeks to outperform inflation by 5% as measured by T-bills; and Putnam Absolute Return 700 Fund, which seeks to outperform inflation by 7% as measured by T-bills.
