Mr. Chan is Head of Portfolio Construction within Fixed Income. In addition, he is a portfolio manager of Putnam Diversified Income Trust, Putnam Fixed Income Absolute Return Fund, Putnam Global Income Trust, Putnam Master Intermediate Income Trust, Putnam Premier Income Trust, and Putnam Short Duration Bond Fund. Mr. Chan has been in the investment industry since he joined Putnam in 2002.
Mr. Chan is responsible for Putnam's term structure strategies, including interest-rate and FX trading implementation, as well as quantitative modeling. He leads the team's efforts in researching market and macroeconomic data, building quantitative models, recommending broad positioning and portfolio construction ideas, and overseeing and monitoring portfolio implementation. Previously at Putnam, Mr. Chan served on the Investment-Grade Corporate, Global Term Structure, and High-Yield Corporate teams, including as an Analyst and a Portfolio Construction Specialist.
More from the Fixed Income 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.