Fund finds profits by investing near and far.
When it comes to global investing, sometimes the longer you've been at it, the better the payoff.
Putnam's Global Growth Fund has been around forever. At least that's what a Gen Xer might think. Introduced in 1967, this fund, which invests its assets anywhere in the world its team of portfolio managers sees fit, has returned on average 13.03 percent per year to its longtime shareholders. To newcomers, the fund has been more generous: In 1998, it was up about 28 percent and, for the past three years, according to Lipper Analytical Services Inc., had an average annual total return of just over 17 percent--impressive total returns in a world where some argue the only place to invest is the United States.
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