Norman P. Boucher

Portfolio Manager

Mr. Boucher is a Portfolio Manager in the Fixed Income group, specializing in high-yield products. He is a Portfolio Manager of Putnam High Yield Fund and Putnam Floating Rate Income Fund. Previously at Putnam, he was a Portfolio Manager in the U.S. High Yield group and an Analyst covering the automotive, aerospace, and technology sectors. Mr. Boucher 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.

Products managed

Fact sheet Annual Semi-annual Compare
Floating Rate Income Fund
High Yield Fund
Overall Morningstar RatingTM among 625 funds in the High Yield Bond category.
10-year Morningstar RatingTM among 357 funds in the High Yield Bond category.

Blog posts

Active investing may matter more than risk trade


Improving fundamental conditions in the high-yield bond sector may make the ability to research sectors and individual issues more important

Comparing high yield and equities? Consider risk


The high-yield sector may offer more attractive returns with potentially lower volatility than equities, based on a comparison of the

Gas, chemicals break new ground in high yield


Fundamental changes in old industries, from gas to chemicals to telecommunications, are shaping the landscape of high-yield investment opportunities.