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PNVAX Funds Q&A 
 
(PNVAX)Exploiting Negative Emotions
11:27 AM EST December 13 2007
Focusing on the little-known arena of international small and mid-cap companies requires substantial enterprise and research. Joe Joseph and Randy Farina, portfolio managers of the Putnam International Capital Opportunities Fund, have built a portfolio comprising of the bottom 20% of international small cap companies, from developed markets by adopting a unique investment strategy of exploiting people’s emotions arising from stock price fluctuations.
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