Report: Putnam to be sold to Power Corp. - Boston Business Journal:
I've considered Putnam a sub-par mutual fund company for many years, I was proven correct several years ago when they were involved in a few of the big Mutual Fund scandals. I don't believe the company has changed at all and regardless of who buys them (a power company?) the management has not changed. in my opinion, this is a bad fund company run by people who do not put shareholders first.
Scott Dauenhauer, CFP, MSFP