Our investment philosophy sets us apart
Identifying and exploiting the risks and opportunities in today's fixed-income markets require truly active management, a commitment to fundamental research, and the resources to execute consistently.
Philosophy and process
We believe fixed-income opportunities are best exploited by specialists.
Our investment process is built around skilled individuals in highly specialized roles, identifying potenial alpha-generating strategies in their areas of expertise.
We believe team-based active management leads to better diversified, more efficient portfolios.
Our team pursues multiple sources of alpha across a broad investment universe, seeking to take advantage of flexibility and eliminate unintended concentrations of risk.
We approach risk differently.
We seek to create opportunities through active allocation to sources of risk, not sectors.
- A portfolio construction philosophy and process in place for over 15 years: specialist-driven, team-based, and risk-oriented
- A focus on delivering more diversified sources of alpha, not dominated by a macro view
A full range of benchmark-oriented and absolute return products
|Core Bond||Multi-Sector Benchmark-oriented||March 31, 1993||BBG Barclays U.S. Aggregate Bond Index|
|Core Global Fixed Income||Multi-Sector Benchmark-oriented||August 31, 1993||BBG Barclays Global Aggregate Bond Index|
|Core Plus Fixed Income||Multi-Sector Benchmark-oriented||June 30, 1991||BBG Barclays U.S. Aggregate Bond Index|
|Dedicated Mortgage Strategy||Securitized Product Strategies||July 31, 2009||ICE BofA 1-Month LIBOR|
|European High Yield||Single Sector Benchmark-oriented||September 30, 1999||ICE BofA European Currency Developed Markets HY Constrained Index|
|Fixed Income Global Alpha||Unconstrained Fixed Income||August 31, 2008||ICE BofA 1-Month LIBOR|
|Fixed Income Global Alpha Plus||Unconstrained Fixed Income||October 31, 1988||ICE BofA U.S. Treasury Bill Index|
|Global High Yield||Single Sector Benchmark-oriented||March 31, 2003||ICE BofA Global HY IG Country Const 100% USD Hgd Index|
|Investment Grade Corporate Credit||Single Sector Benchmark-oriented||September 30, 2009||BBG Barclays U.S. Corporate Bond Index|
|U.S. Convertible Securities||U.S. Equities||July 31, 1993||ICE BofA U.S. Convertible Index|
|U.S. High Yield||Single Sector Benchmark-oriented||July 31, 1993||JPMorgan Developed High Yield Index|
|Ultra Short Duration Income||Unconstrained Fixed Income||November 30, 2011||ICE BofA U.S. Treasury Bill Index|
Browse our Perspectives
With the extreme swings in the market over the past few weeks, several of Putnam’s senior fixed-income managers shared their insights on the bond markets