Nick Watson, a portfolio manager on Janus Henderson’s UK-based Multi-Asset team, argues that amid the gathering gloom around global growth, active managers are presented with a broadly positive environment for risk assets.

Key takeaways:

  • Scope remains for central banks to remain accommodative, which should be positive for risk assets going forward.
  • Global growth also remains positive, albeit growing at a slower rate; this, coupled with increased volatility and sector rotation, provides active managers with fresh asset allocation opportunities.
  • ​​Our recent positioning aims to takes advantage of attractive valuations while maintaining a nimble approach to managing risk.