Real rates matter more than inversion

par Ashwin Alankar, Myron Scholes

il y a 1 jour

​An inverted US yield curve, with short-term interest rates higher than long-term ones, is seen as a recession warning. Janus Henderson’s Myron Scholes, Chief Investment Strategist, and Ash Alankar, Head of Global Asset Allocation, argue that monetary policymakers should worry more about the excess of yields over inflation.

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Tail Risk Report: September 2018 - Steady as you go

par Ashwin Alankar

il y a 1 jour

​Janus Henderson's US-based Multi-Asset Solutions Team present their latest tail risk report, using options market prices to infer expected tail gains and losses for each asset class. Current tail-based sharpe ratios suggest that, in general, the level of expected upside to downside for equities remains in line with historic averages, while inflation-sensitive assets sit at an average level of attractiveness.

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Jittery investors feel butterflies as divergence replaces central bank put

par Ashwin Alankar

il y a 1 semaine

​Ash Alankar, Head of Global Asset Allocation at Janus Henderson, believes that as central banks begin to step back other forces are stepping up, making markets more multidimensional.

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Tail Risk Report: August 2018 - Attractiveness continues to be elusive

par Ashwin Alankar, Myron Scholes

il y a 2 semaines

Janus Henderson's US-based Multi-Asset Solutions Team present their latest tail risk report, using options market prices to infer expected tail gains and losses for each asset class. The options market implies that the three broad asset classes - growth, capital preservation and inflation - are unattractive at present.

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L'essor pharmaceutique de la Chine

par Andy Acker, Ethan Lovell

il y a 3 semaines

Résumé : Ethan Lovell, co-gérant de la stratégie Global Life Sciences de Janus Henderson, explique comment la Chine devient un marché à forte croissance pour les sociétés biopharmaceutiques.​

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WeWork – a marriage made in heaven?

par Guy Barnard, Tim Gibson

il y a 3 semaines
‘Real Matters’ provides the latest insights and thoughts from the Janus Henderson Global Property Equities Team. In the second article in the series, Tim Gibson and Guy Barnard, Co-Heads of Global Property Equities, explore WeWork, the flexible office space provider, and discuss the company’s role as both a landlord and a tenant from a real estate perspective. Tim also provides a video summary.
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Actions vs obligations - exploiter la concurrence pour le capital

par Marc Pinto

il y a 3 semaines
Le gérant Marc Pinto évoque, dans son dernier article, l'attrait d'une stratégie multi-gestion américaine gérée de façon active dans un environnement de fin de cycle caractérisé par les incertitudes géopolitiques. Il étudie également la façon dont une approche collaborative entre les équipes de gestion actions et obligations peut ouvrir la voie à des opportunités d'investissement qui auraient, sans cela, pu passer inaperçu.
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Tail Risk Report: July 2018 – Growth is fading

par Ashwin Alankar, Myron Scholes

il y a 2 mois

​Janus Henderson's US-based Multi-Asset Solutions Team present their latest tail risk report, using options market prices to infer expected tail gains and losses for each asset class. The options-implied signals, for the first time in two years, no longer favour equities as the most attractive asset class.

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Navigating the drug pricing debate

par Andy Acker, Ethan Lovell

il y a 2 mois

​When the Trump administration introduced a ‘blueprint’ to lower drug prices in May, the pharmaceutical industry breathed a sigh of relief. Andy Acker and Ethan Lovell, Portfolio Managers of the Global Life Sciences strategy, discuss.

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Why short duration now

par Daniel Siluk

il y a 2 mois

Members of the Janus Henderson Global Bonds Team explain why the return of positive real interest rates comes at a welcome time.

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Thoughts and bonds: dealing with divergence

​‘Thoughts and bonds’ provides a quarterly view and outlook for the fixed income markets from the Fundamental Fixed Income team, where they share their insights on potential investment risks and opportunities.

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Global Life Sciences: long-term tailwinds in focus

par Ethan Lovell

il y a 3 mois
​In this outlook video, Ethan Lovell, Co-Portfolio Manager for the Janus Henderson Global Life Sciences Strategy, explains that scrutiny over drug costs has led to recent volatility in healthcare stocks. The longer-term picture, however, is very encouraging with the sector making dramatic leaps in advanced medicines such as immunotherapy, which provides potentially significant market opportunities.​
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Trade tensions between the US and China: a tech perspective

par Brad Slingerland

il y a 3 mois

​​Global technology equities portfolio manager Brad Slingerlend comments on why escalating trade rhetoric may not materially impact the growth and earnings prospects of the tech sector.

 
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Immobilier international : comment tirer profit d’une catégorie d’actif en pleine évolution ?

par Guy Barnard, Tim Gibson

il y a 3 mois

Guy Barnard et Tim Gibson, coresponsables de l’équipe de gestion actions immobilières internationales, font le point sur le marché à la mi-année, exposent leurs perspectives pour les six mois à venir et présentent les secteurs qu’ils privilégient.​

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Do market conditions suggest a recession is coming?

par Carmel Wellso

il y a 3 mois

​In this recent interview with MarketWatch, Janus Henderson Director of Research Carmel Wellso talks about why it may be premature to expect a recession this year or next.

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Actions émergentes: les marchés moins populaires offrent des opportunités à long-terme

par Glen Finegan

il y a 4 mois

​Glen Finegan, Directeur de la gestion actions internationales marchés émergents (ME), est convaincu que les marchés moins prisés des investisseurs, notamment l'Afrique du Sud, sont plus intéressants que nombre d'opportunités en Asie.

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Maintenir la flexibilité des portefeuilles obligataires au vu du ralentissement de la croissance mondiale

par Nick Maroutsos

il y a 4 mois

Le gérant Nick Maroutsos explique pourquoi le ralentissement de la croissance économique mondiale pourrait conduire les banques centrales à passer à côté de la normalisation de leurs politiques et pourquoi un cycle économique moins synchrone peut être source d'opportunités.

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De la convergence à la divergence

par 

il y a 4 mois

Les autres banques  centrales s'écartent-elles de la politique de resserrement de la Réserve Fédérale américaine ? Plusieurs gérants obligataires de Janus Henderson Investors évaluent les implications pour les marchés obligataires.

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The outlook for drug pricing in the US

par Ethan Lovell

il y a 4 mois
President Trump recently gave a speech outlining his plans to lower drug prices and improve access to prescription drugs to American citizens in the US. In this video Ethan Lovell, co-manager of the Janus Henderson Global Life Sciences Strategy, discusses the possible short- and long-term impacts of Trump’s proposals.
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How to navigate tech volatility? Keep a sharp eye on the horizon

par Brad Slingerland, Denny Fish

il y a 4 mois

​Brad Slingerlend and Denny Fish, portfolio managers on the US-based Global Technology team, discuss why it may be beneficial to focus on the long-term themes that have a strong chance of driving tech sector performance for years to come.

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