Floating-rate pioneers to manage Canadian assets
TORONTO, Nov. 7, 2016 /CNW/ - Invesco announced today the further expansion of its global fixed-income expertise into the Canadian marketplace.
With 165 investment professionals managing US$269.8 billion in assets worldwide, the Invesco Fixed Income (IFI) team† is bringing its full set of resources, expertise and capabilities to bear in Canada.
Canadian investors will benefit from the deeper credit platform, dedicated 25-member macro research team, integrated strategy and risk positioning, and risk-focused portfolio management.
"The vast research capabilities of IFI place Invesco at the forefront of the Canadian fixed-income market," said Greg McGreevey, CEO of Invesco Fixed Income. "In fixed-income markets, size matters. Bringing the full strength of IFI to the Canadian market will provide investors with unparalleled access to markets around the world."
Jennifer Hartviksen, Head of Invesco Fixed Income in Canada, will continue to be responsible for portfolio management of Invesco Short-Term Bond Fund, Invesco Canadian Bond Fund/Class, Invesco Global High Yield Bond Fund and Invesco Advantage Bond Fund, and the fixed-income sleeves of all Trimark balanced funds.
However, she and her team will now leverage the full platform of macro and credit research generated by the IFI team to manage those portfolios for Canadian investors.
In addition, Invesco Floating Rate Income Fund (the "Fund") will be sub-advised by the Invesco Senior Secured Management (ISSM) team, effective November 21, 2016. The Fund will benefit from the team's 27 years of experience in managing senior secured loans.
"Senior secured debt can play a crucial role in mitigating the risks posed by rising interest rates – an environment many now expect in the U.S. by the end of the year," said Scott Baskind, Head of Global Senior Loans and Chief Investment Officer at ISSM. "Our Senior Secured Management team pioneered floating-rate investing, and we're excited to manage this asset class on behalf of Canadian investors."
The team developed one of the first institutional senior-loan platforms and helped foster the maturation of the syndicated senior-loan market. With 43 investment professionals, the team is one of the world's largest institutional managers of this asset class, managing US$33.6 billion.
† Invesco Fixed Income (IFI) is a unit comprising Invesco Senior Secured Management Inc., New York, U.S.; Invesco Advisers, Inc. of Atlanta, U.S.; Invesco Asset Management Ltd. of London, U.K.; and Invesco Canada Ltd. of Toronto, Canada.
About Invesco Ltd.
Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the simplified prospectus before investing. Copies are available from your advisor or Invesco Canada Ltd.
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© Invesco Canada Ltd., 2016
SOURCE Invesco Canada Ltd.
For further information: Aysha Mawani, Vice President, Corporate Affairs, Tel: 416.324.7712, [email protected]