The Powerful Pairing of Credit & Interest Rate Risk
Discover the advantages of incorporating credit risk alongside interest rate exposure to achieve better diversification and risk-adjusted returns.
Delivering risk-adjusted outcomes
High-conviction portfolios with focused investment objectives.
We find investment truth with intense scrutiny at the individual security level to pinpoint high-conviction ideas in an evolving investment environment. Our fundamental research process incorporates qualitative and quantitative analysis covering asset classes, geographies, sectors and business cycles.
We generate our best stock ideas with high conviction, investing across dynamic markets around the globe.
Highly selective, active portfolios built to perform over the long-term reflect Thornburg’s ability to combine multiple inputs and perspectives with proprietary quantitative and qualitative criteria.
Global Equity
International Equity
Emerging Markets Equity
U.S. Equity
International Equity
Emerging Markets Equity
U.S. Equity
We do not chase yield—we believe credit strategies should deliver attractive risk-adjusted returns with lower volatility.
Looking across siloed markets, we select securities with compelling fundamentals and relative value that can improve investment outcomes—resulting in diversified and opportunistic fixed income portfolios.
Global Fixed Income
Municipal Fixed Income
Municipal Fixed Income
Our multi-asset solutions bring strategic flexibility and a global focus to investment diversification.
Working collaboratively across silos, we uncover value and identify risk in global equity and fixed income investments, selecting only those securities with the strong and complementary fundamentals required for our high-conviction portfolios.
Investment Income Builder
Summit Multi-Asset
Summit Multi-Asset
Potential for diversification, income, and total return
The Thornburg real estate platform was established to offer access to private real estate investments for investors seeking diversification, income, and total return.
Core+
Opportunistic
Opportunistic
Sustainability is a long-term philosophy that is core to our investment principles.
We believe that environmental, social and governance (ESG) issues influence investment risk and return and, therefore, our ESG approach incorporates ESG factors that we believe materially impact the investment outcome within our proprietary fundamental investment process.
Our investment
team looks at ESG
considerations from a
fundamental perspective.
team looks at ESG
considerations from a
fundamental perspective.
Latest Insights
Global Equity
Investing in Equities: Dividends, Earnings, and the Rise of International
With market dislocations influencing macro trends, we focus on the global equity markets and its many dimensions in an era of income-hungry and diversity-seeking investors.
Markets & Economy
The CPM Roundtable: Adventures in Global Equity
We discuss opportunities in global equity, including the importance of dividend income and diversification.
Markets & Economy
Q&A: Brian McMahon, Matt Burdett, and Christian Hoffmann
Brian McMahon (Chief Investment Strategist), Matt Burdett (Head of Equities), and Christian Hoffmann, CFA (Head of Fixed Income), recently discussed their market, macro, and investing views.
Markets & Economy
Investor Insights: Tariffs, Stagflation, Housing, and the Fed
As client portfolio managers, we have a unique perspective on what's top of mind for investors.
Global Equity
Mid-Year Global Equity Outlook: Diminishing U.S. Exceptionalism Leads to Non-U.S. Opportunities
2025 has been full of surprises all over the world, which makes our thoughts at the beginning of the year, including opportunities and risks outside of the U.S. compared to the U.S., relative value opportunities across the globe, and AI’s capital intensity, that much more relevant.
Fixed Income
Mid-Year Fixed Income Outlook: Uncertainty Yields Tight Credit Spreads
Our observations at the beginning of the year included several fixed income themes that investors have had to navigate, including the impact of politics on economics and markets, and balancing the search for yield against being fairly compensated for risk.