Putnam Global Utilities APUGIX

Putnam Global Utilities is struggling so far under its new name and strategy.

This fund has undergone significant changes in the past year. Until the beginning of 2009, it had been divided into separate sleeves for domestic, European, and Asian utility stocks, telecom stocks, and bonds, each run by a different manager and overseen by Michael Yogg, who also ran the domestic utilities sleeve.  Read more 

For several years, this fund was divided into sleeves covering domestic, European, and Asian utilities, telecom stocks, and bonds. As of Jan. 2, 2009, the latter two categories are no longer part of the fund, which now focuses entirely on global utilities, with a greater emphasis than before on foreign utilities.  Read more 

Michael Yogg has been lead manager of this fund since October 2000. He used to have four other comanagers, each of whom picked stocks for a different sleeve, but as of Jan. 2, 2009, they are no longer listed as comanagers. Two of those former comanagers, Vivek Gandhi and Matthew Doody, still have input into the fund as analysts.  Read more 

This fund's structure recently changed for the second time in the past few years, as part of Putnam's revamp of its sector-fund lineup. It's now a pure utilities fund with a particular emphasis on foreign utility stocks.  Read more