Mr. Boucher is a Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income. He is a Portfolio Manager of Putnam Fixed Income Absolute Return Fund, Putnam Floating Rate Income Fund, Putnam Global Income Trust, and Putnam High Yield Fund. Mr. Boucher is also responsible for covering cyclical sectors and portions of the non-cyclical market, including food/beverages and utilities.
Previously at Putnam, Mr. Boucher served as a Portfolio Manager in the U.S. High Yield group and as an Analyst covering the automotive, aerospace, and technology sectors. Mr. Boucher also has managed European high-yield portfolios and the allocation of global high-yield portfolios from Putnam’s London office. He joined Putnam in 1998 and has been in the investment industry since 1985.
More from the None - Absolute Return team
The first quarter was a challenging time for global financial markets.
A recent Active Insights podcast features a discussion of leveraged loans, and collateralized loan obligations (CLOs).
The U.S. will likely avoid a recession in 2022, in our view. That risk rises next year as the Fed raises rates and China decelerates.
In a supply-constrained world, reducing asset prices may be the only way for central banks to bring demand and inflation lower.