Paul M. Drury, CFA
Portfolio Manager
Mr. Drury is a Portfolio Manager in the Tax Exempt Fixed Income group. He manages Putnam’s open-and closed-end municipal bond funds. His responsibilities include security selection and sector rotation, ratings allocation, and duration/term structure management. In addition, Mr. Drury manages Putnam’s Municipal Portfolio team, credit research analysts, and traders. Previously at Putnam, Mr. Drury spent a decade as Head of Trading, Municipal Bonds, where he worked closely with Putnam's portfolio managers to execute trades in various sectors of the municipal market. Mr. Drury has been in the investment industry since he joined Putnam in 1989.
Closed End Funds |
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| Managed Municipal Income Trust | ||||
| Municipal Opportunities Trust | ||||
More from the Fixed Income team
Fed's quantitative tightening (QT) will face constraints
The Fed is pursuing QT while being careful to avoid market disruption. Compare scenarios for QT and markets in Putnam's Macro Report.
Currency views
Signs of falling inflation have helped risk assets recently, but the relief is likely temporary.
The debt ceiling is raised, but the debt problem persists
As inflation sticks around, it is important to think about how it is related to high government debt.
Economic imbalances could mean deep recession or sticky inflation
A deep recession could have a significant impact on financial markets.