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Putnam Investments Offers New Retirement Products

Putnam Investments has unveiled a set of retirement products designed to help investors with asset allocation.

The Retirement Choice portfolios help plan sponsors and advisers diversify their customers' savings, the company said. Participants select one of several predesigned portfolios according to their risk tolerance. Putnam evaluates investment options and builds a customized plan, which can be automatically rebalanced every three, six or 12 months.

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