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Josh-Rubin3-1x1

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

Economy

Finding Opportunity Amid Imbalance: 2026 Market Outlook

Entering 2026, markets appear imbalanced, with equity returns becoming increasingly concentrated, while fixed income offers asymmetric outcomes with limited downside protection. Opportunity still exists, just not where it’s most crowded. In 30 minutes, we cut through the noise and focus on what’s working, what’s changing, and where to position client portfolios now.
Economy

Finding Opportunity Amid Imbalance: 2026 Market Outlook

Hear our 30‑minute 2026 Market Outlook webcast where we cut through noise to find opportunity amid imbalance.
Markets & Economy

Ferrari’s Electric Future and the Evolution of Luxury Investing

Hear insights from Ferrari's Capital Markets Day and meetings with Brunello Cucinelli, exploring how luxury brands balance exclusivity with growth in global markets.
Markets & Economy

Luxury Brands Navigate China Slowdown and Tariff Pressures

We evaluate shifting consumer spending patterns amid global macro and geopolitical headwinds.
Markets & Economy

The High-Quality Case for Investing in Global Luxury Goods

Field research in Europe illustrates how active management and fundamental work uncover quality non-U.S. equity opportunities in the $1.7T global luxury space.
Global Equity

Evaluating the Impact of Active Management, International Investing, and Dividends

We explore the benefits of active management during periods of market volatility, highlight international investment prospects, and examine the increasing interest in dividend-oriented strategies.
Markets & Economy

Active Management, International Investing, and Dividends

Thornburg client portfolio managers discuss how active management can help investors identify sector opportunities and navigate current economic conditions.
Markets & Economy

Investor Viewpoint: Corporate Earnings and Tariff Impacts

We analyze the impacts of tariffs and inflation on corporate earnings, highlighting sector performance and global dynamics amid changing economic and investment conditions.
Markets & Economy

Thornburg Investment Insights: Corporate Earnings and Tariff Impacts

Thornburg Client Portfolio Managers discuss the latest corporate earnings and how tariff impacts will slowly start to creep into the data.
United States and China
Markets & Economy

Investment Landscape: Surveying Potential Risks and Opportunities

Investors continued to monitor the tenuous relationship between the U.S. and China, while keeping an eye on where Fed leadership and the dependability of macroeconomic data are headed.