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 Floating Rate Income Fund, Putnam Global Income Trust, Putnam High Yield Fund, and Putnam ESG High Yield ETF. Mr. Boucher is also responsible for covering cyclical sectors and portions of the non-cyclical market, including food/beverages and utilities. He joined Putnam in 1998 and has been in the investment industry since 1985.
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.
ETFs |
|---|
| Putnam ESG High Yield ETF |
Mutual Funds |
Fact sheet | Annual | Semi annual | |
|---|---|---|---|---|
| Floating Rate Income Fund | ||||
| Global Income Trust | ||||
| 10-year Morningstar RatingTM among 136 funds in the Global Bond category. | ||||
| High Yield Fund | ||||
More from the Fixed Income team
Economic imbalances could mean deep recession or sticky inflation
A deep recession could have a significant impact on financial markets.
Currency 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.
Inflation demands Fed's focus as bank lending tightens
Even as bank lending tightens, the Fed may still need to keep rates high for longer to bring down inflation.
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.