59 min

Rising Rates, Inflation & The Future of "Cash" In 401(k) Plans 401(k) Fridays Podcast

    • Business

Today, I am excited to launch the fall series of episodes and we start with stable value investments. My guest is Steve Horner, CFA and Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income at Putnam Investments. With the historic interest rate hikes, surging bond yields and talk of recession Steve shares what all this means for stable value funds. We also hit on some of the basics around what a stable value fund is, how they work and a few tips to evaluate and understand what is going on under the surface. We also delve into some more technical elements like wrap insurance and put provisions. Good stuff, I learned a lot and hope you do as well!
Guest Bio
Mr. Horner is a Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income,focusing on Putnam's Stable Value portfolios. He manages stable value, general account insurance, structured investment-grade, absolute return, and multi-sector fixed-income portfolios. Mr. Horner is responsible for portfolio construction, fiduciary oversight, and the communication of investment team decisions on policy, strategy, and tactics to Putnam's fixed income clients. He joined Putnam in 1997 and has been in the investment industry since 1991.
401(k) Fridays Podcast Overview
Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 225 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode every other Friday!

Today, I am excited to launch the fall series of episodes and we start with stable value investments. My guest is Steve Horner, CFA and Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income at Putnam Investments. With the historic interest rate hikes, surging bond yields and talk of recession Steve shares what all this means for stable value funds. We also hit on some of the basics around what a stable value fund is, how they work and a few tips to evaluate and understand what is going on under the surface. We also delve into some more technical elements like wrap insurance and put provisions. Good stuff, I learned a lot and hope you do as well!
Guest Bio
Mr. Horner is a Portfolio Manager in the Corporate and Tax-Exempt Credit group within Fixed Income,focusing on Putnam's Stable Value portfolios. He manages stable value, general account insurance, structured investment-grade, absolute return, and multi-sector fixed-income portfolios. Mr. Horner is responsible for portfolio construction, fiduciary oversight, and the communication of investment team decisions on policy, strategy, and tactics to Putnam's fixed income clients. He joined Putnam in 1997 and has been in the investment industry since 1991.
401(k) Fridays Podcast Overview
Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 225 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode every other Friday!

59 min

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