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

Fed's quantitative tightening (QT) will face constraints
The Fed is pursuing QT while being careful to avoid market disruption. Compare scenarios for QT and markets in Putnam's Macro Report.

Currency views
Signs of falling inflation have helped risk assets recently, but the relief is likely temporary.

The debt ceiling is raised, but the debt problem persists
As inflation sticks around, it is important to think about how it is related to high government debt.

Contracting money supply poses risk to bonds
A contracting money supply paired with the Fed's quantitative tightening is adding bank sector stress on Treasury and MBS markets.