Invesco launches senior secured loan product
Fund manager, Invesco Australia has launched a new product - the Invesco Wholesale Senior Secured Income Fund.
The Fund, which commenced on 14th August, focuses on income and preservation of capital and, according to the company, can be considered as a more defensive portfolio with the product ultimately investing in US and European senior secured bank loans.
The company’s announcement said the fund would be ultimately managed by Invesco’s Senior Secured Loans team, one of the world’s largest active investors in senior secured bank loan assets with more than A$32 billion under management.
Invesco Australia chief executive, Martin Franc said the fund would provide investors with a diverse range of benefits including regular income distribution, high liquidity, a strong historical performance track record, a competitive management fee, and importantly, access to the investment expertise and deep resources of our world class senior secured bank loans team.
“The launch of the Invesco Wholesale Senior Secured Income Fund forms part of Invesco’s strategy of providing a diverse array of world class, specialised investment capabilities designed to meet the needs of Australian investors now and into the future,” he said.
Recommended for you
TAL has introduced four new courses to its Risk Academy focused on ethical dilemmas as part of Ethics Month to help advisers meet their CPD requirements.
Unadvised Australians believe they need $2 million to retire comfortably, according to Colonial First State, a wide variance compared to advised individuals which estimate $1.3 million.
Financial advisers can now access Vanguard’s diversified managed account strategies on HUB24 and Netwealth, marking a “significant expansion” through new distribution channels.
The heads of two financial advice licensees have joined the board of the Financial Services Council as it looks to deepen its engagement with the space and strengthen its representation.
