QUARTERLY INSIGHTS | SEPTEMBER 2021
FIXED INCOME PERSPECTIVES
Connecting you to the latest thinking from our
fixed income teams.
Themes in Focus
In this quarter’s Fixed Income Perspectives, Global Head of Fixed Income Jim Cielinski and our bond market experts discuss some of the dominant themes among investors including the shift in narrative from policymakers and the importance of sustainability within fixed income.
- From an investor perspective, is COVID behind us?
- Should investors fear tapering?
- Are markets being complacent?
- What role can fixed income play in sustainability?
Explore more insights from our experts in the Perspectives that follow.
Fixed Income Capabilities
Janus Henderson Fixed Income provides active asset management solutions to help clients meet their investment objectives. Over the past four decades, our global investment teams have developed a wide range of product solutions to address clients’ varied and evolving needs. From core and multi-sector investing to more focused mandates, we offer innovative and differentiated techniques expressly designed to support our clients as they navigate each unique economic cycle. The capabilities of these teams are available through individual strategies or combined in custom-blended solutions.
While shared knowledge across teams and regions encourages collaboration and the debate of investment ideas, each team retains a defined level of flexibility within a disciplined construct. Environmental, Social and Governance (ESG) considerations, for example, are a key element of our credit research process and integrated within each team’s investment approach. Our portfolio construction processes are governed by a rigorous risk management framework with the intent of delivering stronger risk-adjusted returns. Further, we believe transparency is the foundation of true client partnerships; we seek to earn and maintain our clients’ confidence by delivering robust and repeatable investment processes and by providing firsthand insights from our investment professionals.
The Janus Henderson Fixed Income platform comprises 106 investment professionals situated in the UK, US and Australia. The teams are responsible for $107.2bn* in client assets.
*As of 30 June 2021
Environmental, Social and Governance (ESG) analysis refers to three central factors used in measuring the sustainability of an investment.
Inflation is the rate at which the prices of goods and services are rising in an economy. The CPI and RPI are two common measures. The opposite of deflation.
Monetary policy pertains to the policies of a central bank, aimed at influencing the level of inflation and growth in an economy. It includes controlling interest rates and the supply of money. Monetary stimulus refers to a central bank increasing the supply of money and lowering borrowing costs. Monetary tightening refers to central bank activity aimed at curbing inflation and slowing down growth in the economy by raising interest rates and reducing the supply of money.
Quantitative easing is a monetary policy used by central banks to stimulate the economy by boosting the amount of overall money in the banking system.
Risk assets are financial securities that can have significant price movements (hence carry a greater degree of risk). Examples include equities, commodities, property and bonds.
Tapering refers to a central bank slowing down the rate of its bond buying programme (quantitative easing).