Jonathan M. Topper
Trader
Mr. Topper is a Trader in the Fixed Income Money Market group. He is a portfolio manager of Putnam Money Market Fund and Putnam Government Money Market Fund. Mr. Topper develops and implements investment strategies for portfolios managed under SEC Rule 2a-7. He has been in the investment industry since he joined Putnam in 1990.
Mutual Funds |
Fact sheet | Annual | Semi annual |
|---|---|---|---|
| Government Money Market Fund | |||
| Money Market Fund |
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.
Stable value update
Amid widespread negative returns in 2022, one area generating positive total returns is in the capital preservation space, including stable value funds.