Opportunities on the Short End of the Curve with Joanne Driscoll, CFA

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In this episode, Chris speaks with Joanne Driscoll, CFA, Head of Short Term Liquid Markets in the Fixed Income group at Putnam Investments. In this position, she is responsible for the oversight of the investment strategies and management of short duration products along with SEC Rule 2a-7 mandated portfolios and other cash assets. Joanne is a Portfolio Manager of Putnam Government Money Market Fund, Putnam Money Market Fund, Putnam Short Duration Bond Fund, and Putnam Ultra Short Duration Income Fund.

During the conversation, they touch on many topics, including:

  • The current landscape on the front-end of the curve
  • The Fed and QE
  • Inflation
  • The challenges involved with managing through the pandemic
  • Rising rates and the impact on the short end of the curve
  • The difficulties in ’08 and ’09 compared to 2020
  • Fixed income spreads
  • How Joanne manages risk in Putnam’s Ultrashort and Short Duration funds

This material is for informational and educational purposes only. It is not a recommendation of any specific investment product, strategy, or decision, and is not intended to suggest taking or refraining from any course of action. It is not intended to address the needs, circumstances, and objectives of any specific investor. This information is not meant as tax or legal advice. Investors should consult a professional advisor before making investment and financial decisions and for more information on tax rules and other laws, which are complex and subject to change.

All investments involve risk, including the loss of principal. You can lose money by investing.

To view additional information including performance and holdings, please visit the Putnam Ultra Short Duration Income Fund page found on putnam.com.

Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing.

Putnam Retail Management AD1931413 11/21

11 episodes