Deals & People May 3, 2010

Putnam Names Head of Investment Product Management

Kelly Marshall has been appointed head of Investment Product Management at Putnam Investments.
Reported by

In her new role, Marshall will be responsible for all aspects of product management and development across Putnam’s business lines—retail, institutional, and retirement. She will report directly to Jeffrey R. Carney, Putnam Investments head of Global Marketing, Products and Retirement. 

Marshall, who joined Putnam in 2009 as director of Market Planning and Analytics, will lead a team of subject matter experts that introduced 14 new products last year, according to Putnam. 

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Marshall spent nearly 20 years in senior roles at Wells Fargo Nikko Investment Advisors, Accenture, and Fidelity Investments.

 

Products May 3, 2010

Dow Jones Adds to Required Business Performance Indexes

Dow Jones Indexes has announced the addition of four new indexes to its family of Dow Jones RBP Indexes.
Reported by

The new series of indexes include three directional strategy indexes and one fundamentally weighted U.S. market index. The three strategy indexes are the Dow Jones RBP U.S. Large-Cap Aggressive Index, the Dow Jones RBP U.S. Large-Cap Defensive Index, and the Dow Jones RBP U.S. Large-Cap Market Index.  

The fundamentally weighted market index, the Dow Jones U.S. Large-Cap Total Stock Market Index (RBP weighted), provides market participants with additional rules-based information to measure the valuation of publicly traded companies included in the index. 

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Dow Jones RBP U.S. Large-Cap Aggressive Index, the Dow Jones RBP U.S. Large-Cap Defensive Index, and the Dow Jones RBP U.S. Large-Cap Market Index are licensed to Transparent Value LLC, a Guggenheim Partners Company, to underlie three mutual funds, according to Dow Jones Indexes. 

The Required Business Performance (RBP) indexes were designed to measure the likelihood that companies can deliver the performance required to support their current stock prices. The indexes are created using rules-based, published analytics, RBP probability scores, supplied by Transparent Value, LLC. Components of the Dow Jones RBP Indexes are selected based on their RBP probabilities.

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