Searching for a constant stream of income in the low-yield environment, several of US-based asset manager Invesco's investors such as life insurers and family offices have recently made a reallocation from high yield to senior secured bank loans.
"The reason is that the yield potential is the same, while loan investors are investing in the top part of the capital structure. The fact that senior secured bank loans perform well in all economic environments is also generating a lot of activity," Invesco Senior Client Portfolio Manager Kevin Petrovcik tells AMWatch.
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