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.
Blog posts
New York confident about recovery
2/24/2021
New York leaders are confident about the state's economic recovery.
California budget outlook brightens
2/10/2021
With revenues coming in higher than projected, the outlook for the California budget is positive in the near term.
Record-setting muni issuance pauses post-election
12/2/2020
Muni issuance pauses post-election, but reinvestment demand typically increases near year-end.