Norman P. Boucher

Portfolio Manager

Mr. Boucher is a Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income. He is a Portfolio Manager of Putnam Fixed Income Absolute Return Fund, Putnam Floating Rate Income Fund, Putnam Global Income Trust, and Putnam High Yield Fund. Mr. Boucher is also responsible for covering cyclical sectors and portions of the non-cyclical market, including food/beverages and utilities. Previously at Putnam, Mr. Boucher served as a Portfolio Manager in the U.S. High Yield group and as an Analyst covering the automotive, aerospace, and technology sectors. Mr. Boucher also has 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.

Mutual Funds

Fact sheet Annual Semi annual
Fixed Income Absolute Return Fund
Floating Rate Income Fund
Global Income Trust
Overall Morningstar RatingTM among 192 funds in the Global Bond category.
10-year Morningstar RatingTM among 135 funds in the Global Bond category.
High Yield Fund

More from the None - Absolute Return 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.

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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.

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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.

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Covid-related labor imbalances complicate Fed's inflation fight

Demographic shifts and labor imbalances might have disturbed consumption-saving decisions that impact inflation.

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