James A. Fetch
Head of Portfolio Construction
Mr. Fetch is Head of Portfolio Construction on the Global Asset Allocation (GAA) team. He is responsible for portfolio construction and risk management of GAA portfolios. His work also contributes to Putnam’s Capital Markets Outlook. Mr. Fetch is a member of Putnam’s Diversity Advisory Council. He has been in the investment industry since joining Putnam in 1994. After leaving in 1998 to complete his M.B.A., Mr. Fetch rejoined the firm in 2000.
In addition, Mr. Fetch is a portfolio manager of Putnam Dynamic Asset Allocation Funds (Balanced,
Conservative, and Growth); Putnam Multi-Asset Income Fund; Putnam Multi-Asset Model Portfolios; Putnam Retirement Advantage Funds; Putnam Sustainable Retirement Funds; and Putnam 529 for America. Previously at Putnam, he served in various investment roles within GAA, including as Co-Head of GAA.
More from the team

We believe BDCs are built to deliver dividends in a recession
We believe stocks of business development companies have evolved to better withstand a recession, and their dividends can remain at highly attractive levels.

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.

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.

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.