Michael V. Salm Co-Head of Fixed Income

Funds managed

Fact sheet Annual Semi-annual
Absolute Return 100 Fund
Absolute Return 300 Fund
American Government Income Fund
Diversified Income Trust
Global Income Trust
Income Fund
Short Duration Income Fund
U.S. Government Income Trust

Closed End Funds

Master Intermediate Income Trust
Premier Income Trust

Blog posts

A surprising shortage in housing

9/1/2015

Home construction is falling behind the pace of new household formation, creating an imbalance between housing supply and demand.


Headwinds buffet emerging-market debt

8/25/2015

Higher interest rates can challenge any fixed-income market, but rate increases in advanced economies can cause particular difficulty for emerging markets.


What may unlock consumer spending

5/7/2015

While retail sales have been rather weak, key elements of consumer spending on services, including housing, are growing.