Putnam Core Bond Fund Q4 2024 Commentary

Franklin Templeton
4.58K Followers
(6min)

Summary

  • The fourth quarter of 2024 saw mixed absolute returns across fixed income spread sectors.
  • During Q4, the portfolio posted a negative total return but outperformed its benchmark (the Bloomberg U.S. Aggregate Index).
  • Within investment-grade corporate credit, corporate credit spreads have widened slightly but remain historically tight.

BOND word concept on cubes with a Banknote. Business concept

Aksana Kavaleuskaya

Performance Review

  • The fourth quarter of 2024 (Q4) saw mixed absolute returns across fixed income spread sectors. A stronger-than-expected US economy and sticky US inflation prints led to a hawkish pivot from the US Federal Reserve (Fed), which lowered rates twice during

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4.58K Followers
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.4 trillion in assets under management as of June 30, 2023. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

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