Masters in Chemistry, BA (Hons) in Physical Science and CFA charterholder
Depressed yields and suppressed market volatility have crowded out institutional investors looking for income to match their liabilities. The global investment grade credit market offers an attractive combination of investment quality, size, liquidity and, most importantly, higher yields than government bonds.
We believe we can generate attractive risk-adjusted returns by targeting alpha through global thematic ideas. These are implemented within a robust, risk-disciplined framework with the intention of performing well in any market environment.
We identify investment themes, which we believe can perform well in all market conditions. Additional macro overlays are designed to potentially reduce downside.
We focus on returns from credit spreads, with duration and currency primarily used for efficient risk management.
Our global investment universe allows us to take advantage of a broad opportunity set.
The strategy aims to generate an attractive total return by investing in investment grade corporate bonds. It pursues a theme-based approach designed to identify relative value opportunities in the corporate bond markets.
The portfolio managers take a theme-based approach to capturing value opportunities. We combine top-down analysis with a bottom-up approach to security selection.
The team is also responsible for leveraging the breadth of the Invesco Fixed Income platform to help form their investment opinion.
Macro themes are identified and then we construct the portfolio by selecting the most appropriate securities to represent the view.
At the same time, security selection aims to capture the highest risk-adjusted returns while remaining within the guidelines of the strategy.
We also have the ability to manage credit, interest rate and currency exposure separately (through derivatives).
The investment approach is centred around three core pillars:
Responsibility for portfolio management rests with the Invesco Fixed Income Global Investment Grade Corporate Bond Management team, reporting to Michael Hyman, Head of Global Investment Grade and Emerging Markets.
The team operates within the interconnected framework of Invesco Fixed Income’s investment platform with daily interaction taking place with investment colleagues globally.
The lead manager(s) of your portfolio would be Lyndon Man with Luke Greenwood and Michael Booth providing support, leveraging the resources of the entire Invesco Fixed Income.
This global platform support gives us the broad and scalable operation necessary to offer clients a credible value proposition.