Putnam and BT end alliance
After ending an exclusive distribution arrangement with BT Funds Management, one of the world’s largest investment managers, Putnam Investments, is set to make its presence known on the Australian market.
The firm previously only sold its products in Australia through BT, but will now be offering a broad range of investment styles directly to institutional clients and through advisory platforms to retail.
It will also be offering quantitative products through PanAgora Asset Management, a majority-owned affiliate of Putnam.
The new strategic initiative is aimed at providing Putnam with the opportunity to grow its brand on a much broader scale within the Australian market and will be led by Peter Walsh.
Putnam Australia will be releasing two new products in May — the Putnam Worldwide Income Fund and Putnam Global Concentrated Fund.
Recommended for you
The Financial Advice Association Australia has appealed to licensees to urgently update their FAR records as hundreds of advisers are set to depart by the end of the year.
Demand for robo-advice tools is rising, a report has shown, but this is occurring simultaneously with rising demand for professional face-to-face advice.
ASIC has released the results of the latest financial adviser exam, held in November 2025.
Winners have been announced for this year's ifa Excellence Awards, hosted by Money Management's sister brand ifa.
