Invesco

2025 Midyear Investment Outlook: The Global Reset

While policy and economic uncertainty are high, we are confident in our base case that non-US assets are increasingly attractive.

Private Credit Quarterly Roundup: Liberation Day Market Responses

The experts from Invesco’s bank loan, direct lending, and distressed credit teams to share their views for the second quarter of 2025.

What Will Happen to Commercial Real Estate Values in 2025?

Key takeaways: CRE lenders staying the course, Value growth in 2025 highly likely, Stay measured

Alternative Opportunities for Insurers | Q2 Update

The Invesco Solutions team shares their latest views on private credit, private equity, and real assets.

Capital Market Assumptions – Q1 Update

Invesco’s long-term outlook utilizes a building block approach to estimate asset class returns, risk, and correlations relative to history and aid in allocation decisions.

“Liberation Day” Tariff Announcement

Real Estate Occupancy: The Starting Point Matters

Preparing for the Next Chapter in Private Credit

Private Credit: Investment Insights for 2025

CLO equity: Not Your Average Asset Class

S&P 500 Equal Weight: Why Now

Insurance Outlook 2025

2025 Senior Loan & CLO Market Outlook

Opportunity in real estate credit

2025 Investment Outlook: After the landing

Bond Market Insights for Insurers

Alternative Opportunities for Insurers | Q4 Update

2024 Long-Term Capital Market Assumptions – Q3 Update

US and global commercial real estate outlook — looking beyond 2024

Yields have remained attractive and may maintain positive relative value

Trump vs. Harris: Election changes course

Alternative Opportunities for Insurers | Q2 Update

2024 Long-Term Capital Market Assumptions – Q2 Update

Bank Loans in the Time of Higher for Longer

Timely insights: ETF usage in insurance general accounts webinar replay

Midyear Investment Outlook: Opportunities Amidst Divergence

Global Fixed Income Strategy Report

The Case for Senior Loans

Real Estate Equity and Debt Securities Market Indicators

Alternative Opportunities for Insurers | Q1 Update

S&P 500 Equal Weight: Why Now

2024 Long-Term Capital Market Assumptions – Q1 Update

Navigating the direct lending landscape

Insurance Outlook 2024

Why consider senior loan ETFs?

2024 US Loan Market Outlook

Opportunity or caution? The outlook for European and Asian real estate

Alternative Opportunities for Insurers

The current environment is extremely conducive to executing conservatively structured transactions. This aligns well with most insurers’ philosophy of strong risk management on both sides of the balance sheet.

2024 Investment Outlook

After nearly two years of policymakers fighting inflation, our 2024 outlook centers on the balance between growth durability versus the stickiness of inflation. Despite several quarters of restrictive monetary policy, the global economy — particularly in the US — has remained remarkably resilient. We think the global economy is entering a brief period of below-trend growth driven by recent monetary policy tightening, which we believe markets have already partially priced in. Questions remain over the path of inflation, however. In our view, the disinflation process will continue over our outlook horizon, and growth will slow further in H1 before starting to improve in H2, starting in the US. As inflation softens and policymakers begin to introduce rate cuts, we look for risk assets to see renewed strength.

Real Estate Equity and Debt Securities Market Indicators

Listed real estate common stock ended the third quarter of 2023 trading at significant discounts to net asset value across most geographies and sectors. Property fundamentals remain resilient across residential, industrial and specialty sectors while the office sector continues to face headwinds in many countries. North America and Asia Pacific regions continue to showcase stronger fundamentals relative to Europe. Real estate valuations in aggregate are less demanding versus the multiple on broader equities. Real estate fixed income yields continue to maintain a spread versus the broader fixed income market.

Global Fixed Income Strategy Report: October 2023

Third quarter US GDP data surprised to the upside, and most US data point to a stronger than expected impetus to economic growth. Consumption continues to drive growth - the labor market is solid, and, as inflation has come down, real incomes have improved. These factors have supported US growth in the most recent quarter.

2023 Long-Term Capital Market Assumptions – Q3 Update

Markets have outperformed expectations heading into this year, with equities rebounding significantly (quality inside the US and value outside of the US being the two dominant factors) from the lows of 2022 and credit outpacing government bonds.

US Loan Market Snapshot: September 2023

During September, loans outperformed high yield and investment grade, which returned -1.16% and -2.45%, respectively, and year-to-date are also outpacing the 5.97% and 0.45% returns for high yield and investment grade bonds respectively.

A rise in senior secured bonds lifts high yield

An increase in secured high yield bond issuance has improved the credit quality of the high yield asset class, in the view of the Invesco High Yield Team. We speak with Senior Portfolio Managers Philip Susser and Stuart Stanley about why secured bond issuance has grown and what it means for the US high yield market.

Why pursue direct lending in the core middle market?

We define the core middle market, describe the development of the market landscape, and identify essential ingredients for success when pursuing a direct lending strategy in the core middle market.

Current bank headlines a potential tailwind for direct lending

The events of the last few weeks have elevated focus on the banking industry and its perceived role as primary financier to companies across the globe. Despite swift and strong efforts by government agencies and central banks to boost confidence and quell liquidity concerns, the collapses of Silicon Valley Bank and Signature Bank as well as UBS’ purchase of Credit Suisse have intensified fears of a global banking crisis. The natural question for many institutional investors is how do these recent events impact private credit, including direct lending?

Q3 Outlook: Multi-sector positioning for the next phase of recovery

The global economy continues to grow at above-trend rates and we expect the current bout of inflation to be transitory. Explore how we are assessing global fixed income markets.

Episode 255: CLO Market Pulse with Ian Gilbertson of Invesco

Ian Gilbertson is the CLO Portfolio Manager and Co-Head of U.S. CLOs at Invesco.

Episode 241: What insurance investors should know about the US election with Invesco’s Andy Blocker

Andy Blocker is the Global Head of Public Policy and Strategic Partnerships at Invesco.

Episode 227: Navigating Real Estate Market Dislocation with Invesco’s Bert Crouch

Bert Crouch is the Head of North America at Invesco Real Estate

Episode 203: Shifts and Opportunities in Insurance Asset Allocation with Invesco’s Pete Miller

Pete Miller is the Head of Insurance Solutions, Multi-Asset Strategies at Invesco.

Where Insurance Company Assets Are Headed with Invesco's Pete Miller

Welcome to Compound Insights, a podcast by CFA Society New York. I'm your host, Rob Rowan. Today, we're speaking with Pete Miller, CFA. He is head of insurance solutions for Invesco's multi asset strategies group.

Episode 182: Deep dive into institutional ETFs with Invesco’s Emily McKinley

Emily McKinley is the Head of Institutional ETFs and Models at Invesco.

Episode 175: Distressed Credit and Special Situations with Paul Triggiani of Invesco

Paul Triggiani is the Managing Director and Head of Distressed Credit and Special Situations at Invesco Private Credit.

Episode 150: US Commercial Real Estate Equity with Invesco’s Dan Kubiak

Dan Kubiak is Managing Director and Portfolio Manager at Invesco Real Estate US Income Strategy.

Episode 128: Invesco’s Kevin Egan on Senior Secured Loans

Kevin Egan is the Senior Portfolio Manager and Co-Head of Credit Research at Invesco.

Episode 81: The Evolution of Direct Lending with Invesco’s Ronald Kantowitz

Join host Stewart Foley on the InsuranceAUM.com Podcast as we explore the evolution of direct lending and its role in today’s private debt markets.

Episode 65: Private Real Estate Debt with Invesco’s Charlie Rose

In this episode of the InsuranceAUM.com Podcast, host Stewart Foley dives into the world of private real estate debt. Explore how these transactions come together, the evolving role of private real estate debt in insurance portfolios, and what this asset class offers in a low-yield environment.