Mr. Murray is a Senior Investment Director in the Global Investment Strategies group, specializing in Global Asset Allocation products. He is a portfolio manager of Putnam Multi-Asset Model Portfolios. Mr. Murray is responsible for developing and launching new products; defining product messaging for existing products; providing ongoing marketing and sales support; interpreting and communicating performance, positioning, and strategy to existing clients; and gathering market intelligence on trends in the global marketplace. Previously at Putnam, he served as Investment Director and Team Leader in the Fixed Income group. He has been in the investment industry since he joined Putnam in 2002. Mr. Murray holds his Series 7, 24, and 63 licenses with FINRA.
More from the Asset Allocation team
We believe markets expect inflation to decline sooner than it will, and that there is limited upside for stocks.
Active managers are in a unique position to manage risks in target-date strategies.
With historical context in mind, we argue that the fear surrounding rising rates and their impact on bonds and retirement portfolios is likely overblown.
A mixed batch of inflation readings moved market expectations, but it is more important to remember the Fed’s inflation dashboard.