Fixed Income Bitesized bonds: catch up on fixed income in under three minutes
Each month brings a new, easily digestible instalment. Catch up on all things fixed income in under three minutes.
10 September 2024
Invesco Fixed Income Europe
Delivering investment excellence for bond portfolios
39
strong investment team with deep industry experience
25+
years of successfully managing bond funds
£27bn+
total assets under management
Over the years, bonds have performed a valuable role in many investor portfolios as a source of income and diversification. Today, investors have access to thousands of bonds from across the globe, each with their own specific reward and risk profile.
And with a continually evolving bond universe, it's important to know that the investment team managing the funds your clients invest in have deep industry knowledge and experience to draw upon.
The Invesco Fixed Income Europe team has been successfully managing bond funds for over 25 years, with the diversity in global bond markets reflected in the growth in our product offering that spans the bond universe and includes mixed asset funds providing exposure to both bond and equity markets.
Our philosophy and approach
At the core of the team's philosophy is a belief in active management: this underpins their work to deliver the individual long-term objectives of all the funds they manage.
They seek to invest where they see the potential for attractive returns and to avoid risks that they don't think are being well rewarded. Their conviction-backed, proven approach is based on fundamental analysis, with a strong emphasis on valuation.
Active
The team adjusts the risk profiles according to market conditions.
Flexible and pragmatic
Their approach is iterative yet dynamic, recognising that markets are constantly evolving.
Market aware
The team exploit short-term and long-term opportunities.
Fundamentals led
The team benefits from Invesco Fixed Income’s strong macro and credit research.
Valuation driven
The team only take risk where they believe they are being rewarded for doing so.
Investment process
The investment process comprises four key elements which deliver the information the fund managers need to make decisions when constructing the portfolios:
1
Top-down, macroeconomic analysis – examining the factors that shape the economy plays an integral role in the main portfolio decisions.
2
Credit analysis – combining both external and internal research, with a view to maximise returns from acceptable and well understood credit risk exposure.
3
Value assessment – considering the risk/return profile of any bond/sector in relation to cash, core government bonds and the rest of the fixed income universe.
4
Risk allocation – analysing all holdings to ensure that portfolios are appropriately diversified with risks effectively representing the view of the team.
Views from the team
Fixed Income Bond markets: the impact of monetary policy and how we are positioning our portfolios
As we approach the mid-point of another volatile year in markets, we sat down with Mike Matthews, Co-Head of Invesco’s fixed income team in Europe. He shared his thoughts on bond market performance so far in 2024, delving into some of the key headwinds that investors have had to navigate.
29 May 2024
Fixed Income Have interest rates peaked, and where next for investment grade bonds?
As we approach the end of another volatile year in markets, we sat down with Mike Matthews, Co-Head of Invesco’s fixed income team in Europe. He shared his thoughts on bond market performance in 2023, before looking at what’s next.
20 November 2023
Meet the team
Over the past 25+ years the Invesco Fixed Income Europe team has continually grown as bond markets have developed, offering expertise and experience in managing an ever-evolving range of products for investors.
The team nurtures a culture of independent thinking but with clear accountability, and where challenge and discussion thrive.
Working closely together, team members provide analysis and input for their particular areas of focus and expertise. Rigorous research enables the analysts to bring forward the best ideas for consideration across portfolios, and continuous monitoring of existing holdings ensures that the balance of risk and reward remains where the fund managers want it.
£22bn
The team has total assets under management of around £22bn.
21 yrs
average industry experience across the fund managers.
Fund managers
The fund managers assess value and decide on the best set of investments to meet their funds' objectives in the current market environment.
Co-Head of Invesco Fixed Income Europe Michael Matthews
Co-head of IFI Europe Thomas Moore
MBA, CFA
Fund Manager Alexandra Ivanova
MSc, BSc, MBA, CFA
Head of Emerging Markets Asad Bhatti
BAcc (Hons), CFA
Fund Manager Edward Craven
MPhys, FCA
Fund Manager Julien Eberhardt
MFin, CFA
Fund Manager Luke Greenwood
MBA
Fund Manager Lyndon Man
MChem, BA (Hons), CFA
Fund Manager Matthew Henly
BSc (Hons), CFA
Fund Manager Michael Booth
BA (Hons), ACA
Fund Manager Rhys Davies
BSc (Hons), CFA
Fund Manager Stuart Edwards
BSc (Hons), MSc
Fund Manager Tom Hemmant
BSc, ACA
Investment risks
-
The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
Important information
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All information as at 30 June 2023 and sourced by Invesco, unless otherwise stated.
Views and opinions are based on current market conditions and are subject to change.This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication.
