Putnam Introduces Small Cap Value Fund
May 10, 1999
Putnam Investments of Boston has introduced a new fund for retail mutual fund investors called the Putnam Small-Cap Value Fund. The fund invests in small, undervalued companies that have the potential for stock appreciation of 10 percent to 15 percent a year. The fund is being jointly managed by Edward Shadek, chief investment officer for small-cap value equities, and Jeffrey Netols, senior vice president.