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.
Sub-advisor change
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.
For more information, please visit invesco.ca. You can
also connect with Invesco on Twitter (@InvescoCanada), LinkedIn,
Facebook, or through the Invesco Canada blog.
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.
Invesco is a registered business name of Invesco Canada Ltd.
Invesco® and all associated trademarks are trademarks
of Invesco Holding Company Limited, used under licence.
© Invesco Canada Ltd., 2016
SOURCE Invesco Canada Ltd.