Read or watch the latest opinions from our fund managers and other experts.
Historically, this has often been the case. But this time may be different.
In our first issue of Insurance Investment Management Insights, our experts offer their insights on the crucial topics which are likely to impact insurance companies.
Invesco’s Global Market Strategy Office analyses a range of Brexit scenarios: No-Deal risk is high and rising; early elections are possible but may not prevent a no-deal Brexit on 31 October and the UK itself may eventually split.
China stands firm as Trump proposes a fresh round of tariffs
Invesco’s Future of Europe series aims to address some of the most pressing questions surrounding the euro, the eurozone (EZ) and the European Union (EU), whilst also examining Europe’s troubled past, uncertain present and possible future. The second paper in the series, The Survivability of the Euro, comprises three parts, of which Reform, Relevance and Robustness is the first. In this paper we analyse the vital issue of imbalances between member states and explore the conflicts that they generate.
With expectations of a lower-return environment in the future, we explore how investors can position their portfolios using factors in an attempt to enhance performance.
Invesco’s recently launched US Senior Loan ESG strategy seeks to respond to surging demand for responsible and sustainable investing in Senior Loans. Taking a proprietary approach to ESG research, it significantly improves our analytical skills on risks related to ESG factors, benefitting our existing and prospective clients.
Our seventh global sovereign asset management study represents the views and opinions of 139 chief investment officers, heads of asset classes and senior portfolio strategists, working within 68 sovereign funds and 71 central banks (with assets totalling in excess of US$20 trillion under management).
In our latest Investment Stewardship & Proxy Voting Annual Report, we highlight our commitment to responsible investing and how we seek to generate both financial and sustainable value for our clients.
In our long experience as global investors, we understand investing to be the art and science of making decisions about the trade-offs between the opportunity for higher returns and the risk of pursuing those returns. Much of that information is not readily available to investors and sometimes those trade-offs are not always evident. To see them, we need the right information.
Through deeper understanding of the insurance environment and experience in insurance investment management we are privileged to partner with our clients whilst seeking to provide a differentiated value-added outcome across the full investment cycle that could produce enhanced business results.
Five years ago, researchers at Invesco Investment Solutions debuted a robust methodology for developing capital market assumptions based on 10-year investment horizons.
In the complex insurance regulatory environment, Elizabeth Gillam, Head of EU Government Relations and Public Policy at Invesco, based in Bruxelles, brings her lights on the crucial topics which actually impact insurance companies.
Read our latest research and views on factor investing in fixed income, pension reform in China and low volatility anchoring and equal weighting. We also present a number of ESG case studies from our Henley Investment Centre.
We look at how an ‘Equity Enhanced Fixed Income' approach could offer insurers an attractive return profile, while providing equity risk management capabilities. And importantly, it can be delivered in a capital efficient way.
Our second global fixed income study provides insights on the views, opinions and experiences of 145 fixed income specialists, across pension funds (both defined benefit and defined contribution), sovereign wealth funds, insurers and wholesale investors including private banks, diversified fund managers, multi-managers, and model builders.
Invesco Fixed Income expects China’s Belt and Road Initiative (BRI) to improve both regional connectivity and foster infrastructure development and economic growth, creating potential opportunities for bond investors. We explore the sectors that are likely to benefit the most from an increase in infrastructure spending and regional trade.
Global market are facing several issues, including the fast-approaching deadlines for another US government shutdown, a US-China trade deal, and Brexit.
Is the recent sell-off in BBB-rated bonds a sign of worse things to come, or has the market over-reacted? Are there stabilizing trends on the horizon?
Through advisory consultation, custom solutions and strategic partnerships, Invesco Global Solutions seek to harness the right combination of strategies across Invesco’s full spectrum of active, passive, factor and alternative investments to solve client needs.
After the dramatic defeat of the UK Prime Minister’s EU withdrawal plan, we see five scenarios for the future EU-UK relationship.
.jpg/jcr:content/EMEA51_1087628468_1280x720px%20(002).jpg)
European investors continue to face low yields in the investment grade universe, they are looking for ways to deliver risk-adjusted returns and improve diversification. US fixed income universe could be a good option for European-based insurers.
Is a real winner possible in the US-China trade war? In an era of globalization, trade wars mean losses for all sides.
How do yesterday’s elections, monetary policy decisions and geopolitical developments affect tomorrow’s opportunities?
Heading into an uncertain 2019, diversification must be top-of-mind.
A look at the technologies we believe will define 2019
A decade on from the global financial crisis, we’re seeing a mixed bag of growth. What does Nick Mustoe think looking further ahead?
Could the prolonged global expansion continue? Clive Emery believes so, providing fiscal and monetary policies remain supportive.
2019 promises to be a challenging environment, but Ian Hargreaves and William Lam think emerging markets will be able to withstand the pressures.
Increased volatility will require a more balanced portfolio. Read Simon Laing’s outlook for US equities
Divergence, disruption and debt overhang – three key themes to watch in 2019. Read Kristina Hooper and Arnab Das' outlook.
Stuart Edwards, Thomas Moore, Michael Matthews and Julien Eberhardt of the Henley Fixed Interest team provide their 2019 investment outlook.
European headlines are dominated by negative sentiment, but Jeff Taylor believes it’s important to focus on the fundamentals.
Rob Waldner of the Invesco Fixed Income team gauges the ripple effects of the softening of economic growth.
With new risks on the horizon for bonds and equities, can exchange-traded fund strategies help investment portfolios?
The outlook for real estate fundamentals is positive, but risks remain. Read more from Invesco Real Estate.
Following a year of turmoil, John Greenwood, Invesco's Chief Economist, shares his thoughts for the global economy in 2019.
In recent years, interest in factor-based investing has increased meaningfully as market participants seek precise and systematic solutions to achieve their investment objectives
Our third global factor investing study draws on views and opinions from 300 interviews with institutional and wholesale factor investors to provide insights on a wide range of themes including factor adoption and allocations, perceived barriers and future intentions.
Invesco Ltd. and Massachusetts Mutual Life Insurance Company (MassMutual) have announced that they have entered into a definitive agreement, whereby Invesco will acquire MassMutual asset management affiliate OppenheimerFunds, Inc.
Digital technology makes it feasible to monitor and connect everything from buildings to street lights to self-driving cars, and potentially allow governments to provide city services more efficiently. However, cities need private investment to realise their smart city goals.
The fourth industrial revolution has the potential to transform economic and financial activity at global, national, firm and household levels. We discuss some of the key transitional challenges that are unfolding via digitisation, automation and artificial intelligence.
With problems in emerging markets continuing to grab headlines and an escalation of the tariff wars between the US and China, how concerned is John about the potential impacts on the global economy?
Invesco Global Market Strategist Kristina Hooper examines what this may mean for investors.
European investors continue to face low yields in the investment grade universe and are looking for additional sources of return and diversification. A rising number of European insurers consider infrastructure debt to be an attractive option. But the investment opportunities in Europe are rare.
A rate hike from the US Federal Reserve in September seems to be on the cards, but there is also continued concern about the impact of trade wars on the US economy.
In our first ‘Future of Europe’ white paper, former Deputy Prime Minister of Poland Jacek Rostowski and Invesco Global Market Strategist Arnab Das analyse the tensions reshaping Europe in the era of Brexit, Trump and Putin.
From the crisis in Turkey to upcoming remarks by the Federal Reserve Chair, there are no shortage of issues for investors to watch this week.
Activity in currency markets has more than tripled in the last two decades. Last week brought currency pressure in the UK, China, Iran and — most dramatically — Turkey. And the situation could get worse before it gets better.
In our latest paper we discuss how a factor lens approach may help to attribute previously unexplained returns - and so link performance directly to the factor-driven investment process.
In recent weeks, the prospect of a global trade war has emerged more clearly and presents major consequences for global markets. While the implications are difficult to assess, a tightening of financial conditions could be strong enough to significantly curtail US growth.
Large-scale asset purchases by major central banks has added to the abundance of liquidity in markets, however the tide is now turning in the opposite direction. As balance sheet normalization accelerates, it seems likely that liquidity issues could accelerate too.
In the event that the Trump administration moves forward with tariffs on imported automobiles, retaliatory tariffs might mean the US may end up being the bigger loser in a trade war over the longer term.
Will political events derail the business cycle expansion?
In the latest edition of Risk & Reward we compare factor investing to traditional active and passive approaches and look to clarify where and how factor investing fits into the investment landscape.
Our sixth Invesco Global Sovereign Asset Management Study seeks to provide unique insights into the investment objectives and behaviours of sovereign investors during a challenging investment environment.
In our latest paper we explore what diversity really means and how it can positively impact the investment industry.
By imposing tariffs on close allies — with the rationale of alleviating national security concerns — the US runs the risk of alienating those allies.
With the US applying aluminum and steel tariffs to Canada, Mexico and the European Union, and exploring tariffs of up to 25% on imported cars, free trade is being threatened.
Recent data suggests that the global economic expansion is slowing down. Should we be concerned?
In the latest Risk & Reward magazine we discuss bitcoins and other cryptocurrencies, look at what makes blockchain technology so interesting and why a wide variety of industries are so fascinated by the long-term potential of cryptotokens.
We believe the adoption of fixed income factors allows investors to better decide which risks and returns are appropriate for their portfolios. We discuss our four-factor model for credit – liquidity, quality, value, momentum and the multi-factor approach.
Exploring the potential for populism, protectionism and pressure on debtors: Last week brought renewed focus to three areas of concern: populism, protectionism and pressure on debtors. It appears that we may be moving closer to certain outcomes that could be of concern to markets.
In two short videos, Andrew Schlossberg provides a review of 2017, discusses Invesco’s goals for 2018 and explains how diversity and investment excellence underpin our role as an industry leader.
Investors need income, but how can it be generated in a low-return environment? We present three alternative real estate asset classes that may cater to investors’ income needs: European hotels, US real estate and global income securities.
As inflation fears effect the markets we share our outlook for global bond markets.
Our first Invesco Global Fixed Income Study explores the key themes within this topical asset class through the views, opinions and experiences of 79 leading fixed income specialists.
Inside the latest issue of Risk & Reward magazine we look at how digital lenders are disrupting the status quo and a global perspective on crowdfunding, and share insights and research covering a range of themes.
In this video Georg Elsäesser discusses some of the key findings from our Global Factor Investing Study.
John Greenwood, Invesco Ltd’s Chief Economist, outlines his views on developments in global economies.
In this video we discuss Invesco’s commitment to responsible investing, our proprietary proxy voting platform and how we can help clients execute responsible investing strategies within their portfolios.
The way market participants are investing is changing rapidly for many – on one side we see an increasing need for reduced costs, and on the other, value added is becoming ever more important.
In a yield-starved, low-growth, low inflation world, emerging markets with higher real growth, inflation and the associated underlying economic vigour may offer an attractive proposition for developed market investors.
Since 2013, we’ve conducted over 320 interviews with sovereign investors around the world. Our 5-year anniversary review features key insights and considers what the future may hold.
Senior Secured Loans have been gaining interest from European insurers. This paper considers how the asset class may fit within an insurance company’s investment strategy.
Senior Secured Loans have been gaining interest from European insurers. This paper considers how the asset class may fit within an insurance company’s investment strategy.
.jpg/jcr:content/il2332.jpg)
In a world increasingly averse to risk and intolerant of inequality, we explore the growing importance and effectiveness of sustainable factor investing.
The global economy is experiencing its broadest and strongest upturn for five years. However, what are the likely risks that could derail the current expansion cycle?
Today, many institutional investors are adding hotel real estate to their portfolios to achieve diversification, to help boost income in their multi-asset portfolios and for liability matching requirements given the longer dated income.
While broad adoption of factor investing is still well in the future, a multi-asset multi-factor strategy permits full utilisation of all potential benefits of factor investing, and therefore represents a natural evolution.
Many investment approaches used for portfolio construction are based on efficient frontiers, notions of stable correlations and normal distribution assumptions. But how will they cope once chaos enters the market?
While factor investing is quite established in equities, there is less academic research and a much shorter track record when it comes to fixed income portfolios. We believe credit offers the best place to start factor investing.
The PRI (Principles for Responsible Investment), has released the results from its 2017 Assessment Report.
Asset class correlations have risen significantly since the global financial crisis, making traditional portfolio diversification strategies challenging. We discuss how three key macro factors can aid asset allocation.
In this whitepaper we discuss how institutions can overcome the challenges with regards to proxy voting and maximize the opportunities with regards to responsible investment.
With the US Federal Reserve gradually normalising interest rates, the US economy appears to be in good shape. Can President Trump take any of the credit?
The balance sheet of the US Federal Reserve has expanded strongly in recent times due to the impact of quantitative easing. At some point, this process will need to be reversed. How will the US central bank go about shrinking its balance sheet and will it be disruptive to financial markets?
Disruptive technologies and trends are radically reshaping the investing landscape daily across sectors, asset classes and geographies. This paper examines the advent of driverless cars.
Learn about driverless cars and their potential implications
As the ramifications of last week’s general election continue to make headlines, Mark Barnett and Stuart Edwards give their views on the potential impact on UK financial markets.
Throughout 2016 it looked like value investors were coming back into fashion, but it was not to last long.
The European equity team in Henley has been overweight the energy sector since late 2013. With renewed commodity weakness of late, why do the team continue to add to positions?
While government bonds have historically been considered effective diversifiers against growth, Invesco Fixed Income believes it makes sense to consider “quality currencies” as an alternative diversifier.
Our fifth Invesco Global Sovereign Asset Management Study seeks to provide unique insights into the investment objectives and behaviours of sovereign investors during a challenging investment environment.
As investors in European and Global Smaller companies, Oliver Collin and I often think about innovation as one of the key value drivers of the stocks we own in our portfolios. We see innovation as a driver of multiple benefits; sustained growth, new market opportunities, strengthening existing market shares, creating efficiencies and margin improvement. Simply put, innovation enhances company returns.
As the trend toward global investing grows, managing foreign exchange risk takes on increasing importance. We provide a simple currency management roadmap to guide the decision making process.
