![Lyndon Man](/content/dam/invesco/uk/en/bios/Lyndon-Man.jpg)
Fund Manager
Lyndon Man
MChem, BA (Hons), CFA
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.
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, Matthew Henly 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.
Emerging market investment grade debt for insurance companies
At Invesco, we have extensive experience investing in EM debt and working with institutional clients to provide tailored solutions that can meet their exact requirements.
The case for municipal bonds
US municipal bonds are worth considering for European investors portfolios as they may provide a source of diversification and for their relative value compared to Euro corporate bonds.
Yields maintain record highs and offer positive relative value
Invesco’s bank loans, direct lending and distressed credit teams to share their views as the second quarter of 2024 wraps up.
Unfixing income: How we have started positioning for tighter market conditions
In tighter market conditions, we share how we have started positioning our fixed income portfolios with our flexible approach to asset allocation.
Private credit: A case for senior loans
The uncertain US macroeconomic backdrop with inflation pressures, interest rate hikes, and a potential recession was a significant focus throughout 2023. Despite these challenges, we see three compelling reasons to consider investing in senior secured loans now.
Monthly fixed income update
Following the bounce in March, fixed income markets performed poorly in April, as rate cut expectations were pushed back once more. Read our latest thoughts on how fixed income performed and what we think you should be looking out for in the near term.
Let us know using this form and one of our specialist team will quickly get back to you.
Data as at December 2021, unless otherwise stated. By accepting this document, you consent to communicate with us in English, unless you inform us otherwise. Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice.