Please ensure Javascript is enabled for purposes of website accessibility Global Conservative Managed Account MA79 | Janus Henderson Investors
For Financial Professionals in the US

Global Conservative Managed Account

A conservative portfolio focused on capital preservation and downside risk management

Overview

About this Portfolio

The Global Conservative Managed Account seeks long-term growth through a diversified global portfolio with an emphasis on capital preservation and downside awareness. The strategy combines global equity exposure with a larger allocation to fixed income while using a proprietary macro framework to adapt positioning as market conditions evolve.

Why Invest in this Portfolio

Conservative growth orientation
Combines global diversification with a strategic emphasis on fixed income and capital preservation to help manage portfolio risk.

Profit-cycle driven investing
Asset allocation decisions are guided by a proprietary framework that evaluates corporate profits, liquidity and investor sentiment to identify opportunities across global markets.

Risk-conscious diversification
Seeks to participate in global market opportunities while maintaining a more conservative allocation profile.

Asset Allocation Guidelines

The strategy’s allocation is based on a long-term neutral policy of 20% equity, 75% fixed-income and 5% cash.

But it has the flexibility to go +/- 10%:

  • Equity: 10% to 30%
  • Fixed Income: 65% to 85%
  • Cash: 0% to 15%
Allocation ranges and neutral positions by asset class
Asset classMinimumNeutralMaximum
Equity10%20%30%
Fixed income65%75%85%
Cash0%5%15%

Benchmarks

Benchmark
20% MSCI ACWI Index; 75% Bloomberg US Aggregate Bond Index; 5% Bloomberg 1-3 month US T-Bill
Inception date
06/30/2016

Portfolio Management

Richard Bernstein

Global Head of Macro & Customized Investing​

Industry since 1981.

Michael Contopoulos

Head of Multi-Asset Macro Investing

Industry since 1999. Joined Firm in 2026.

Performance

RETURNS (%) (As of 06/30/2026)
Composite Gross Composite Net 20% MSCI ACWI, 75% BB US Aggregate Bond, 5% BB 1-3 month US T-Bill
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
Composite Gross 2.77 3.13 8.17 6.42 2.57 3.95 3.95
Composite Net 2.02 1.62 5.03 3.32 -0.42 0.93 0.93
20% MSCI ACWI, 75% BB US Aggregate Bond, 5% BB 1-3 month US T-Bill 3.42 2.78 7.61 7.26 2.52 3.93 3.93
RETURNS (%) (As of 08/31/2026)
Composite Gross Composite Net 20% MSCI ACWI, 75% BB US Aggregate Bond, 5% BB 1-3 month US T-Bill
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
Composite Gross 0.34 3.25 6.77 6.95 2.40 3.82 3.90
Composite Net -0.40 1.24 3.67 3.85 -0.59 0.80 0.87
20% MSCI ACWI, 75% BB US Aggregate Bond, 5% BB 1-3 month US T-Bill -0.06 2.67 5.89 7.33 2.22 3.79 3.85
Calendar Year Returns (%)
Composite Gross Composite Net 20% MSCI ACWI, 75% BB US Aggregate Bond, 5% BB 1-3 month US T-Bill
2025 2024 2023 2022 2021 2020 2019 2018 2017
Composite Gross 9.87 4.23 4.42 -9.09 3.46 7.29 9.43 -1.14 7.44
Composite Net 6.69 1.20 1.38 -11.76 0.45 4.17 6.26 -4.03 4.32
20% MSCI ACWI, 75% BB US Aggregate Bond, 5% BB 1-3 month US T-Bill 10.18 4.62 8.78 -13.18 2.38 9.56 11.86 -1.72 7.24

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