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Josh Rubin

Client Portfolio Manager

Josh Rubin is a client portfolio manager for Thornburg Investment Management. He serves as a liaison between Thornburg’s investment management team and key external decision makers regarding all of the firm’s equity, fixed income and multi-asset investment strategies. Josh’s work covers Thornburg’s fundamental bottom-up research and top-down thinking as he shares organizational perspectives on research, analysis, process, philosophy and investment outcomes. He joined the firm in 2017.

Josh was a portfolio manager and associate portfolio manager on Thornburg’s equity team before transitioning to the CPM role in 2025. Prior to Thornburg, he had portfolio manager and senior analyst responsibilities for global, U.S. and emerging markets equity strategies at Driehaus Capital Management in Chicago and Marsico Capital Management in Denver. Josh spent several years in fixed income investment banking before shifting to equity asset management.

Josh earned a BSFS in international politics from the Walsh School of Foreign Service at Georgetown University.

Insights

Fixed Income

Thornburg Investment Insights: A Deep Dive Into Fixed Income Markets

Thornburg client portfolio managers discuss the nuances of the fixed income market and what should be top of mind for investors.
Financial stock exchange market display screen board on the street
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.
Investor Insights: Tariffs, Stagflation, Housing, and the Fed
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.
Conceptual illustration showing stacked shipping containers painted with the American, Chinese, European Union, Canadian and Mexican flags, symbolizing trade and export/import industry. A man stands observing a volatile financial graph overlayed across the scene, representing the instability and fluctuations in the global or national market. The image conveys themes like trade tariffs, economic uncertainty, supply chain disruptions, and financial risk. 3D render
Markets & Economy

Tariffs, Stagflation, and the Fed: A Spotlight on Investors’ Most Pressing Questions

Thornburg’s client portfolio managers explore some of Wall Street's biggest themes.
Looking along desert towards the business district
Markets & Economy

Investment Perspectives from the Road: The UAE

Our investment professionals travel the world to evaluate global markets and unearth the most optimal ideas. Josh Rubin recently visited the United Arab Emirates (UAE), and here are his perspectives.
Local people carrying water pots through fields by the Taj Mahal, Agra, India
Markets & Economy

Investment Perspectives from the Road: India

Our investment professionals travel the world to evaluate global markets and unearth the most optimal ideas. Josh Rubin recently visited India, and here are his perspectives.
2024 Outlook for Emerging Markets Equities
Emerging Markets

2024 Outlook – Emerging Markets: Misunderstood and Mispriced

From continuing supply chain realignment to the emergent consumer and more, these factors align for underappreciated and mispriced emerging markets in 2024.
Identifying strength in businesses.
Capital Appreciation

Thornburg PM Perspectives: Identifying Strong Companies

Four Thornburg equity PMs discuss how they identify strong but undervalued companies while also seeking to mitigate material ESG issue risks.