Robert L. Salvin

Head of Corporate and Tax-Exempt Credit

Mr. Salvin is Head of Corporate and Tax-Exempt Credit within Fixed Income. He is responsible for managing the corporate credit and municipal investment processes. In addition, Mr. Salvin is a portfolio manager of Putnam Convertible Securities Fund, Putnam Diversified Income Trust, Putnam Floating Rate Income Fund, Putnam High Yield Fund, Putnam Master Intermediate Income Trust, Putnam Premier Income Trust, and Putnam ESG High Yield ETF. Mr. Salvin is also responsible for covering the retail sector and portions of the non-cyclical market, as well as convertible securities. He joined Putnam in 2000 and has been in the investment industry since 1986.

ETFs

Putnam ESG High Yield ETF

Mutual Funds

Fact sheet Annual Semi annual
Convertible Securities Fund
Diversified Income Trust
Floating Rate Income Fund
High Yield Fund

Closed End Funds

Master Intermediate Income Trust
Premier Income Trust

More from the Fixed Income 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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The Fed walks a line between inflation and financial stability

Given the fragilities in financial markets, the Fed will likely move cautiously in monetary tightening to fight inflation.

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Will interest rates go down?

Our base case for our strategy remains that a recession will wipe out excess savings, and the relatively low interest-rate environment will return.

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U.S. recession outlook as China reopens

We outline possible scenarios for inflation and recession in the year ahead and how global forces play roles.

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