Putnam Voyager APVOYX

Morningstar Rating

Fund Research and Analysis

by Jonathan Rahbar

The tide is turning for Putnam Voyager, but beware of possible head winds.

This offering has continued to build upon its relatively new management's early success. Earlier in 2009, the fund was well ahead of its peers, and more recently its lead had widened significantly. Read more

Kudos

Reasonable expenses.

New management is a welcomed improvement. Read more

Risks

Fund has experienced a number of manager changes in recent years.

Prior to current management this fund had been a perennial underachiever. Read more

Strategy

This fund takes a valuation-conscious approach to growth investing. Management seeks companies that have good growth outlooks for the next couple of years relative to their valuations and earnings trends. Read more

Management

This fund's management team has experienced tremendous turnover in recent years. In November 2008, Putnam brought on Nick Thakore, who joined the company from RiverSource, where he managed RiverSource Growth INIDX for about six years with decent results. Read more

Inside Scoop

Putnam has gone through numerous changes in the executive and investment-management ranks in recent years. This fund's manager Nick Thakore joined the firm in November 2008, after a solid stint at Fidelity and a rockier one at RiverSource. Read more

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