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Andrew Mulliner, CFA

Head of Global Aggregate Strategies | Portfolio Manager
Andrew Mulliner, CFA | Janus Henderson Investors

Andrew Mulliner is Head of Global Aggregate Strategies and co-manages the Global Multi-Sector Fixed Income, Global Total Return Bond and Global ex UK Government Bond strategies at Janus Henderson Investors. Andrew joined Henderson in 2007 as an investment assistant and later became an assistant portfolio manager. Prior to this, he worked at Old Mutual plc as a junior financial analyst.

Andrew has a BSc degree in psychology from the University of Nottingham. He holds the Chartered Financial Analyst designation and has 16 years of financial industry experience.

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Articles Written

Fed moves: US yield curve inversion spells recession risk

Fed moves: US yield curve inversion spells recession risk

As the Fed moves into restrictive territory and indicates it will stay there for a while, yield curves flattened and recession risk rose.

Global bonds navigator: piloting a soft landing
Features & Outlooks

Global bonds navigator: piloting a soft landing

As central banks balance taming inflation without choking off growth, how could fixed income sectors fare? The Global Bonds Team model scenarios.

Emerging markets: Untangling the gordian knot of inflation

Emerging markets: Untangling the gordian knot of inflation

The inflation problem in emerging markets has become more complex to unravel and greater divergence between countries could emerge on the path to normalisation.

China’s trilemma and the renminbi’s fall

China’s trilemma and the renminbi’s fall

The renminbi’s resilience has faltered as appetite for Chinese assets has turned. What does this mean for China’s markets as the country faces a rekindled policy trilemma?

Inflation: no rerun of that ’70s show

Inflation: no rerun of that ’70s show

We believe that inflation is much less rooted than the recent central banker rhetoric would indicate, and that conditions are ripe for a near-term moderation in price rises.

Yield curve inversion: warning or opportunity for sterling corporate bonds?
Analysis & Studies

Yield curve inversion: warning or opportunity for sterling corporate bonds?

Despite a challenging start to 2022 for sterling corporate bonds, the market’s risk perception for the asset class is short of elevated levels. Should investors look through the recent volatility, they will find attractive levels of yields that remain backed by strong corporate fundamentals.

Five questions fixed income investors are asking in 2022
Features & Outlooks

Five questions fixed income investors are asking in 2022

Our fixed income teams consider monetary policy-related conundrums and where, outside of policy, they see opportunities and risks for investors.

A tale of two hikes

A tale of two hikes

Two central banks both have clear intentions to hike interest rates. So why the difference in tone?

The balancing act: navigating central bank policy divergence

The balancing act: navigating central bank policy divergence

The challenge for central banks has grown more complicated with volatility in bond markets and mounting inflationary pressures. Investors face a similar balancing act in navigating the central bank policy divergence that is set to characterise 2022 and beyond.

Central banks up the tempo as inflation worries persist

Central banks up the tempo as inflation worries persist

We are seeing a pivot in central bank policy, notes Global Bonds Portfolio Manager Andrew Mulliner, following the BoE and ECB meetings on 3 February, as markets price in a policy error in the UK.

Flattening is not flattering

Flattening is not flattering

The recent flattening of yield curves is incongruous to the beginning of a hiking cycle. The Global Bonds team examines the drivers of these dynamics and the team’s expectations for 2022.

Rates update: yields move higher – September spike or sustained trend?
Analysis & Studies

Rates update: yields move higher – September spike or sustained trend?

The sharp sell-off in government bond yields in the last few weeks is testing the patience of central banks and bond markets are reacting to the hawkish messages. Portfolio Manager Andrew Mulliner explains.