Robert L. Salvin
Head of Corporate and Tax-Exempt Credit
Mr. Salvin is Head of Corporate and Tax-Exempt Credit within Fixed Income. He is responsible for managing the corporate credit and municipal investment processes. In addition, Mr. Salvin is a portfolio manager of Putnam Convertible Securities Fund, Putnam Diversified Income Trust, Putnam Floating Rate Income Fund, Putnam High Yield Fund, Putnam Master Intermediate Income Trust, and Putnam Premier Income Trust. Mr. Salvin is also responsible for covering the retail sector and portions of the non-cyclical market, as well as convertible securities. He joined Putnam in 2000 and has been in the investment industry since 1986.
Mutual Funds |
Fact sheet | Annual | Semi annual |
|---|---|---|---|
| Convertible Securities Fund | |||
| Diversified Income Trust | |||
| Floating Rate Income Fund | |||
| High Yield Fund |
Closed End Funds |
||||
|---|---|---|---|---|
| Master Intermediate Income Trust | ||||
| Premier Income Trust | ||||
More from the Fixed Income team
Sector views
Fixed income markets experienced widespread declines in the U.S. and globally in the third quarter of 2022, as inflation remained high and became more broad-based.
Expect a pause, not a pivot, as savings fuel spending
In the coming months, the Fed will not likely pivot, but pause and wait with a high level of rates for convincing signs of disinflation.
High job openings signal wage-price spiral
Limited labor supply, higher wages, and a high staff turnover seems to have initiated a wage-price spiral.
Covid-related labor imbalances complicate Fed's inflation fight
Demographic shifts and labor imbalances might have disturbed consumption-saving decisions that impact inflation.