
Poor results the past decade.High fees compared with the average peer.A new manager is making some changes that need time to pan out.New management is a welcome change.Simon Davis recently returned to run this fund after a three-year absence when his predecessor, Joshua Byrne, resigned. Davis
foreign large-value group's bottom decile, as several major holdings disappointed. Not only did Putnam International Equity POVSX finish in the foreign large-blend cellar--hurt by scant exposure to smaller caps as well as its defensive sector stance
mandate were changed to reflect a more global approach. Stevo, who managed a health-care sleeve of Putnam International Equity POVSX for four years, was brought on to pick the international stocks. The fund does have more non-U.S. exposure now--18
OAKGX 2.00 90 Oppenheimer Developing Markets A ODMAX 2.00 30 Oppenheimer Global A OPPAX 2.00 30 Putnam International Equity A POVSX 1.00 90 T. Rowe Price Emerging Markets Stock PRMSX 2.00 360 T. Rowe Price Latin America PRLAX 2
outflows in many of the firm's equity funds, most notably Putnam for Growth & Income PGRWX and Putnam International Equity POVSX . The former fund got a new manager late in 2008, and he's off to a good start; but that hasn't been enough to bring investors
Stevo joined Kelsey Chen as a comanager of this fund in late January 2009. Stevo ran a sleeve of Putnam International Equity POVSX for about four years and is now responsible for this fund's international health-care picks. This change to the team was
Putnam has had a lot of turnover in the upper ranks of investment management, and several changes of firm strategy, in the past few years.Unexceptional performance.Below-average expenses for a front-load fund in its category. Joshua Byrne, who has been with Putnam since 1992 and first joined this
stocks avoids risks of small-cap volatility.Simon Davis, until late 2008 a co-lead manager of Putnam International Equity POVSX , became a comanager of this fund in June 2006, and then became sole manager in late 2008 when Putnam decided to have a single
assets to Japan and several dozen such funds, including Longleaf Partners International LLINX and Putnam International Equity POVSX , have 25% or more of their assets invested there at present, so nearly all investors with core international holdings have
for his alleged involvement in inappropriate trading. Kamshad was not only the lead manager for Putnam International Equity POVSX and Europe Equity, but he also served as the overseer of all Putnam's international funds. Putnam chose to abolish the latter