Michael J. Lima, CFA
Portfolio Manager, Analyst
Mr. Lima is a Portfolio Manager and an Analyst on the Credit Research team in the Fixed Income group. He
is a Portfolio Manager of Putnam Money Market Fund, Putnam Short Duration Bond Fund, Putnam Ultra
Short Duration Income Fund, Putnam Short Term Investment Fund, and Putnam ESG Ultra Short ETF. As an Analyst, Mr. Lima is responsible for conducting fundamental analysis, developing insights on material sustainability issues,
assessing valuations, and making buy/sell recommendations for companies in the global financials
sector, which impact multiple fixed-income strategies. He has been in the investment industry since he
joined Putnam in 1997. Mr. Lima is a member of the CFA Society Boston.
ETFs |
|---|
| Putnam ESG Ultra Short ETF |
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.
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.