Insight

Getting under the hood of Senior Secured Loans

Getting under the hood of Senior Secured Loans

Ashley O'Connor, Head of Investment Strategy at Invesco, joins Owen Rask on The Australian Investors Podcast to dive into Senior Secured Loans. Ashley explores how Invesco make our investment decisions, what a day looks like for a Senior Secured Loans manager and what the current environment means for Senior Secured Loans' performance in this 38-minute podcast.

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Talking points with Invesco’s Ashley O’Connor

Ashley joins Owen Rask on The Australian Investors Podcast to talk about Senior Secured Loans, what’s changed in the last year and how Invesco approaches this asset class.

  • Can you break Senior Secured Loans (SSL) down for us? What are they, how do they compare to traditional government bonds?
  • How have SSLs compared to treasuries in that time?
  • How do loans compare to, say, corporate bonds?
  • What credit metrics are assessed by the Invesco team? What would a typical analyst working on the SSL desk be looking at day-in, day-out?
  • Given the team uses both bottom-up and top-down, how are macro risks deflected? Are there industries you avoid? Market segments that are un-investable?
  • Last year you called it a ‘once in a generation’ opportunity. Where does the current opportunity sit?

Explore the three key features of Senior Secured Loans: