Changing times for fixed income
Explore key insights from institutional fixed income specialists from around the worldRead the study
Head of Global Macro & Chief Strategist, Invesco Fixed Income
Rob Waldner is Chief Strategist and Head of the Multi-Sector team for Invesco Fixed Income. Mr. Waldner is responsible for facilitating the overall macro investment strategy for the fixed income platform and for oversight of the multi-sector portfolio construction process. He joined Invesco in 2013.
Prior to joining Invesco, Rob was with Franklin Templeton for 17 years. At Franklin Templeton, he was a senior strategist and senior portfolio manager. Previously, Mr. Waldner was a member of the Macro team at Omega Advisors and a portfolio manager with Glaxo (Bermuda) Ltd. He entered the industry in 1986.
Senior Client Portfolio Manager
Multi-Sector Fixed Income
Julie Salsbery is a Senior Client Portfolio Manager with the Multi-Sector team within Invesco Fixed Income. In this role, she is focused on positioning our funds across retail and institutional distribution channels, discussing investment views and products with clients, contributing to thought leadership and marketing initiatives, and managing non-investment aspects of the team.
Ms. Salsbery joined Invesco in 2016. Previously, she was a senior product manager for global fixed income at Pacific Investment Management Company (PIMCO). Before joining PIMCO, she was a senior EM sovereign analyst for T. Rowe Price International, where she focused on analysis, ratings and investment ideas across Eastern Europe, the Middle East and former Soviet Union. Prior to that, she was a US economist and municipal bond trader (also with T. Rowe Price), and she began her career as an investment banker.
Sample and methodology
The fieldwork for this study was conducted by NMG's strategy consulting practice. Invesco chose to engage a specialist independent firm to ensure high quality objective results. Key components of the methodology include:
- A focus on the key fixed income decision makers within institutional investors and private banks, conducting interviews using experienced consultants and offering market insights rather than financial incentives.
- In-depth (typically one hour) face-to-face interviews using a structured questionnaire to ensure quantitative as well as qualitative analytics were collected.
- Analysis capturing investment preferences as well as actual investment allocations with a bias toward actual allocations over stated preferences Results interpreted by NMG's strategy team with relevant consulting experience in the global asset management sector.
In 2019, we conducted interviews with 145 different insurers, defined benefit and contribution pension funds, sovereign investors and private banks across Asia-Pacific, EMEA and North America. They are responsible for portfolios within asset owners collectively holding a total of US $ 14 trillion AUM (as of June 30, 2019).
Please note that survey participants experiences may not be representative of others, nor does it guarantee the future performance or success of any investment strategy. There may be material differences in the investment objectives/goals, costs and expenses, liquidity needs, guarantees or insurance, fluctuation of principal or return, tax features and investment horizons of individual investors and institutional investors. Investors should consult a financial professional before making any investment decisions if they are uncertain whether an investment is suitable for them. Please obtain and review all financial material carefully before investing.
Invesco is not affiliated with NMG Consulting. The opinions expressed are those of NMG Consulting and are based on current market conditions and are subject to change without notice. These opinions may differ from other Invesco professionals. Invesco sponsored this survey.