Putnam sails through first review
A year on from establishing itself in Australia under its own brand, Putnam Investments has received its first rating from a retail researcher with Zenith Investment Partners giving the Putnam Worldwide Income Fund (WWIF) a ‘recommended’ rating.
The actively managed multi-sector debt security fund aims to provide investors with current income consistent with capital preservation as well as to capitalise on opportunities in every major sector of the global fixed-income markets, including government and its agencies, corporations and securitised bonds.
Zenith described the WWIF as an attractive new product with an investment team that displayed a level of integration and communication that few managers could offer.
The assessment went on to say that the WWIF was well designed for the Australian retail market and well positioned to cope in most interest rate and economic cycles.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
