Mr. Drury is a Portfolio Manager in the Tax Exempt Fixed Income group. He manages Putnam’s open-and closed-end municipal bond funds. His responsibilities include security selection and sector rotation, ratings allocation, and duration/term structure management. In addition, Mr. Drury manages Putnam’s Municipal Portfolio team, credit research analysts, and traders. Previously at Putnam, Mr. Drury spent a decade as Head of Trading, Municipal Bonds, where he worked closely with Putnam's portfolio managers to execute trades in various sectors of the municipal market. Mr. Drury has been in the investment industry since he joined Putnam in 1989.

Closed End Funds

Blog posts

Investors returning to municipal bond funds

9/18/2020

Municipal bond funds rebounded in the second quarter as investors returned to asset classes they abandoned early in the pandemic.

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Muni-bond market slowly reviving from COVID-19 setback

9/16/2020

The Fed helped the muni-bond market revive the muni-debt market as states and local governments grappled with revenue disruptions.

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Tax-free muni strategies in a low-rate world

3/3/2020

Tax-free muni strategies may provide a competitive yield, and preserve capital, whether economic growth accelerates or remains slow.

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