US Equities: innovation and competitive advantages



In this video update, Doug Rao, US equities portfolio manager, discusses the factors that he believes will shape the macro environment in 2019 and provides insight into the sustainable competitive advantages that he looks for in a company.
Key takeaways:
  • The global macro environment is likely to be influenced by the rise of populism, and liquidity withdrawals by some Centrals Banks.
  • Doug believes it is important to focus on customer-centric companies that are creating innovative products and solutions.
  • Brand, technology and network effects are among the elements that can provide a company with a 'competitive moat', which can provide resilience in volatile times.


These are the views of the author at the time of publication and may differ from the views of other individuals/teams at Janus Henderson Investors. Any securities, funds, sectors and indices mentioned within this article do not constitute or form part of any offer or solicitation to buy or sell them.

Past performance is not a guide to future performance. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.

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

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