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
Fixed Income
The Next Market Shock? Key Risk Factors Investors Must Watch
From China’s slowdown to trade tensions and AI speculation, discover the top risks shaping global markets in 2025 and how investors can prepare for potential disruptions.
Outlook
Fixed Income in Focus—Yield Potential Amid Narrow Spreads
With spreads at historic lows and yields at highs, fixed income markets present a rare dichotomy. Uncover insights and risks for 2025.
Outlook
U.S. Valuations to Global Opportunities: Key Takeaways for Investors
Dive into actionable strategies for navigating a high-valuation U.S. market, trade uncertainties, and opportunities in international equities.
International Equities
Beyond Borders: Strategies for International Investing in 2025
Despite the high growth expectations for U.S. companies, the concentration risks in the market highlight the potential benefits of exploring opportunities abroad.
Municipal Bonds
State of Mass Public Transit: Moving Forward or Spinning Its Wheels?
See what trends in ridership and farebox revenue reveal about the state of mass public transit systems in New York, Chicago, and the Bay Area.
Fixed Income
The Decline of US Treasuries? What Treasury Auctions Reveal
Despite the perceived weakness, we believe there are three critical indicators that reveal the strength of investor demand for U.S. government debt.