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Invesco
1331 Spring Street NW, Suite 2500,
Atlanta, GA 30309
Christopher Mechem, CFA
Head of Institutional Insurance
christopher.mechem@invesco.com
212-323-4862
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Blake Mock, CFA
Managing Director – Insurance
blake.mock@invesco.com
212-278-9074
About Invesco
Invesco is a leading independent global investment management firm, dedicated to helping insurance investors achieve their financial objectives. We understand insurers have unique investment needs, from optimizing capital efficiency and yield, to managing reserves and reporting. That’s why we offer specialized solutions across a broad set of asset classes and vehicles. With $2.2 trillion in total assets under management,[1] and $89 billion on behalf of insurance clients,[2] we strive to understand your distinct capital requirements, accounting tax treatment, and risk factors.
Invesco Advisers, Inc. and Invesco Senior Secured Management, Inc. are investment advisers that provide investment advisory services to Institutional Investors and do not sell securities. Invesco Distributors, Inc. is the distributor for Invesco's retail products. Invesco Advisers, Inc., Invesco Senior Secured Management, Inc. and Invesco Distributors, Inc. are indirect wholly owned subsidiaries of Invesco Ltd.
1 Invesco Ltd. AUM of $2,169.9 billion as of Dec. 31, 2025
2 As of December 31, 2024
PLATINUM MEMBER
ARTICLE
Invesco | 05/08/24
Real Estate Equity and Debt Securities Market Indicators
Listed real estate common stock ended the quarter trading at a mid-single digit discount to underlying net asset value, however, this average hides a wide dispersion of ratings, with US REITs trading up close to net asset value, but Europe and Asia still offering meaningful discounted valuations, per this metric.
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Invesco | 04/29/24
Alternative Opportunities for Insurers | Q1 Update
In our Q1 2024 edition of Alternative Opportunities for Insurers, we continue to cover views on a variety of private asset classes from Invesco Solutions and our partner firms. Within this piece, we’ll present a framework for analyzing across alternative markets to help inform insurers’ investment decisions.
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Invesco | 04/11/24
S&P 500 Equal Weight: Why Now
Prior to 2023, RSP has outperformed the S&P 500 by an average of 1.05% annually since its inception1. In 2023, RSP underperformed the S&P 500 as the performance of the Magnificent 7 has overshadowed the rest of the S&P 500. This has resulted in the S&P 500 reaching a record level of concentration, an unprecedented valuation and a shift towards growth. While the underperformance has been notable, we suggest three compelling reasons to consider RSP.
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Invesco | 04/02/24
2024 Long-Term Capital Market Assumptions – Q1 Update
The 21.5% rally of US large-cap equities over the past four months, driven by the recent AI boom, has been nothing short of spectacular. Typically, such velocity occurs after markets have experienced a recession and have begun pricing in the early stages of a recovery, with the only other instance in the post-WW2 era (1945) coinciding with the dot-com bubble.
PODCASTInvesco | 03/26/24
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.
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Invesco | 03/19/24
Navigating the direct lending landscape
We recently sat down with Ron Kantowitz, Managing Director and Head of Invesco Private Debt, to review the direct lending landscape in 2023 as well as discuss market observations and themes he sees playing out in 2024.
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Invesco | 02/29/24
Insurance Outlook 2024
As we enter 2024, Invesco believes this year will present insurers with many different investment opportunities in a relatively stable market and economic environment. Whereas in recent years we have observed rapid, substantial interest rate hikes along with pronounced, albeit short-lived, periods of equity volatility we believe this year will be characterized by greater market stability. While economic growth is likely to continue slowing in the face of restrictive monetary policy, we think growth is likely to improve later in the year as central banks begin easing monetary policy. Additionally, the high inflation observed following Covid is expected to continue abating (see charts below). Against this backdrop, we believe insurers will find a number of compelling portfolio opportunities in both public and private markets.
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Invesco | 02/21/24
Why consider senior loan ETFs?
Senior loan’s unique combination of appealing characteristics may position it as an enticing core holding in any environment.
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Invesco | 02/05/24
2024 US Loan Market Outlook
2023 was an exceptional year for loan returns (second highest on record) on both a relative and absolute basis, driven primarily by robust coupon that is near all-time highs. We expect 8% loan returns in 2024,2 again powered by strong carry partly offset by expected price erosion at the lower end of the credit quality spectrum. We forecast a 3.75% - 4.25% default rate in 2024 driven by a combination of maturity and liquidity challenges, but which are largely already priced by the market
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Invesco | 01/19/24
Opportunity or caution? The outlook for European and Asian real estate
Disruption, capital market volatility, and secular demand shifts in European and Asian real estate are driving unique opportunities and growing institutional investor interest. Kevin Grundy, Managing Director, Fund Management, Europe, Invesco Real Estate, and Jason Choi, Managing Director, Senior Portfolio Manager, Asia Pacific, Invesco Real Estate, discuss the broader market environments in each region and where they are finding the most compelling investment potential.
PODCASTInvesco | 12/19/23
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.
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Invesco | 12/18/23
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.
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Invesco | 12/12/23
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.
PODCASTInvesco | 11/30/23
Deep dive into institutional ETFs with Invesco’s Emily McKinley
Emily McKinley is the Head of Institutional ETFs and Models at Invesco.
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Invesco | 11/27/23
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.
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Invesco | 11/17/23
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.
PODCASTInvesco | 11/03/23
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.
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Invesco | 10/20/23
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.
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Invesco | 10/16/23
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.
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Invesco | 10/16/23
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.
PODCASTInvesco | 08/07/23
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.
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Invesco | 05/31/23
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.
PODCASTInvesco | 05/03/23
Invesco’s Kevin Egan on Senior Secured Loans
Kevin Egan is the Senior Portfolio Manager and Co-Head of Credit Research at Invesco.
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Invesco | 04/04/23
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?
PODCASTInvesco | 06/13/22
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.
PODCASTInvesco | 01/31/22
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.
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Invesco | 12/01/21
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.