Putnam Places Emphasis on Currency

March 31, 2008

Most investors probably don't think about it, but when they invest in international assets-bonds or equities-they are also playing the currency markets, whether actively or by default. This is true whether the fund they are in hedges those foreign currencies, or not. Parker King, managing director and CIO for currency strategy at Putnam Investments, oversees the operation that runs pure currency strategies at the Boston-based investment house, and that also helps to minimize the currency risk in the firm's $35 billion in other international investment funds and strategies.

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