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.
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.
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The information in this article does not qualify as an investment recommendation.