Bachelor of Management Studies, Bachelor of Laws, Chartered Financial Analyst designation
European senior secured loans provide an alternative to traditional fixed-interest and high-yield bonds, offering the potential for consistent, inflation-hedged income independent of the market cycle.
Our scale and experience give us a distinct perspective from which to build diversified senior loan portfolios on an advantageous cost basis. Our long relationships and reputation also provide us a privileged access to the senior secured loans market, potentially enhancing client outcomes.
At the top of the capital structure, senior secured loans are the highest priority to be repaid in the event of default or bankruptcy
With relatively low volatility and correlation of investment returns versus traditional asset classes, senior loans offer potential portfolio diversification benefits.
We are one of the largest global bank loan managers, with the scale to obtain preferred allocations on selected new issues.
The strategy aims to provide a high level of current income, consistent with the preservation of capital, by investing primarily in adjustable-rate senior loans whose interest rates float at a spread above Euribor and reset on average approximately every 60 days.
Invesco’s senior loan investment process is based on a disciplined, fundamental approach to investing. Our analysts are structured by industry specialization and have a deep understanding of the companies that operate in the senior loan space.
In addition to credit selection, the process is based on active portfolio management and is designed to optimize portfolio returns while minimizing downside credit risk investing through a full credit cycle.
The process is based on fundamental, dedicated bottom-up credit research resulting in two internal ratings:
Depth and breadth of resources
Market presence and scale
Proven credit process and proprietary tools
Private side investor
Invesco’s Senior Secured Management team has gained a distinctive perspective having managed loan assets since 1989 under a consistent approach executed through a variety of vehicles and strategies over multiple market cycles.
Experts in the loan asset class, the team has 88 dedicated and experienced members with 30 investment professionals averaging 18 years’ experience.
The investment team is led by a five-person Investment Committee, which has an average of more than 28 years’ industry experience and an average of 19 years at Invesco.
Invesco Global Investment Grade Corporate Bond Fund Insights
The final quarter of 2019 saw a notable improvement in market sentiment, but what strategies and themes to follow in 2020?
Taking a cashflow-conscious approach
Over recent years, the improvement in funding levels for defined benefit (DB) pension plans has amplified the importance of implementing de-risking strategies to hedge liabilities and ultimately bringing plans closer to their goal of securing benefits.
In our long experience as global investors, we understand investing to be the art and science of making decisions about the trade-offs between the opportunity for higher returns and the risk of pursuing those returns. Much of that information is not readily available to investors and sometimes those trade-offs are not always evident. To see them, we need the right information.