Smooth operator – seeking a less volatile path in fixed income

Macroeconomic, regulatory and geopolitical risk continue to generate volatility but technology stocks have continued to outperform wider equity markets. Can this continue? Are valuations across the sector still reasonable? In this webcast, Alison Porter, portfolio manager on the Janus Henderson Global Technology Team, will cover:

•Development in long-term secular drivers continue to power technology share gains
•Key themes and new drivers of tech outperformance
•Being selective and navigating the hype cycle is becoming more important when it comes to growth assets
•Portfolio positioning and movement, performance update and outlook

Please note that this webcast is for Professional Investors from the following European jurisdictions: Austria, Belgium, Germany, France, Ireland, Italy, Luxembourg, Netherlands, Spain, Sweden, Switzerland, and UK.

Fund Manager Luke Newman hosted a live Q&A webcast for the Janus Henderson UK Absolute Return strategy. The ‘Question Time’ format allowed investors to raise topics in advance of the call. It was also possible to submit questions during the webcast.


Please note that this webcast is for Professional Investors from the following European jurisdictions: Austria, Belgium, Germany, France, Ireland, Italy, Luxembourg, Netherlands, Spain, Sweden, Switzerland, and UK.

James Ross, Manager of the Janus Henderson Horizon Pan European Equity Fund, gives an update on his quality growth European equities strategy. As part of his presentation, James will cover:

•European markets in the first half of 2019
•What do leading indicators tell us about European equities?
•The proprietary screening process behind the investment strategy
•Portfolio positioning, performance and outlook

Please note that this webcast is for Professional Investors from the following European jurisdictions: Austria, Belgium, Germany, France, Ireland, Italy, Luxembourg, Netherlands, Spain, Sweden, Switzerland, and UK.

From Brexit to US tariffs, the impact of political uncertainty has continued to weigh on sentiment towards Euroland equities. In this webcast, Nick Sheridan, manager of the Janus Henderson Horizon Euroland Fund outlines why he believes the region offers intrinsic value for investors, discussing:

•Why the sell off?
•Supportive yields across the market cap scale
•Value – is it relative or absolute?
•Performance summary, portfolio positioning and outlook.

Please note that this webcast is for Professional Investors from the following European jurisdictions: Austria, Belgium, Germany, France, Ireland, Italy, Luxembourg, Netherlands, Spain, Sweden, Switzerland, and UK.

While the current backdrop in Asia may be more challenging with trade friction, along with weaker earnings revisions and consumer sentiment, the investment rationale for the region is still valid. In this webcast Mike Kerley, manager of the Asian Dividend Income Strategy will among others, discuss:
•Asia mid-year update
•Current earnings and dividend trends
•Compelling reasons to invest remain
•Portfolio positioning, performance update and outlook.

Please note that this webcast is for Professional Investors from the following European jurisdictions: Austria, Belgium, Germany, France, Ireland, Italy, Luxembourg, Netherlands, Spain, Sweden, Switzerland, and UK.

Date: 3 July 2019 | Time: 9:30am (BST)

Central banks were supposed to be returning towards normal monetary policy yet the economy and markets seem to have other ideas. In the space of a few months, nearly all the world’s major central banks have backtracked on their tightening rhetoric. The Absolute Return Income team at Janus Henderson had flagged this sea-change earlier this year, and in this webcast, portfolio manager Dan Siluk shares his views on what the future holds for fixed income and how the team navigates these conflicting signals. Areas covered include:

• An assessment of the macroeconomic environment for fixed income
• Where they see value on the yield curve and between markets
• An update on key developments within the portfolio

Economic data has been mixed of late, leading to a dovish rethink on central bank policy, contributing to lower yields on government bonds. Yields on high yield bonds are, therefore, looking even more attractive but with the corporate outlook less certain, investors are becoming more discerning. We anticipate greater dispersion of bond returns as the market places renewed focus on fundamentals and scepticism towards weaker balance sheets. In this webcast Seth Meyer and Tom Ross, managers of high yield strategies at Janus Henderson Investors, look at some of the forces driving the high yield market globally and how to navigate these challenging markets.

Janus Henderson experts Alex Crooke (equities), Michael Ho (multi asset/alternatives) and Jim Cielinski (fixed income) explore the key themes for the second half of 2019. Aligning with the Janus Henderson Mid-Year Market GPS outlooks, the discussion will assess potential impacts and opportunities for investors in the months ahead.

Mid-Year Market GPS - themes in focus:
• Disruption
• Divergence
• Geopolitical tensions
• Tapping the income stream
• And what else should be on the radar for investors?

Against a backdrop of increased macro uncertainty Guy Barnard, Co-Head of Global Property Equities, explains why a local and active approach is increasingly important in the property market today and outlines where he sees the best opportunities for the years ahead.

Guy will explain that global property equities continue to offer diversification benefits and a reliable source of income, covering:
* Why invest in REITs now?
* What opportunities are being generated from evolution within the REITS sector?
* How are changes in technology impacting core real estate sectors?
* Which markets have the most potential for the years ahead?

Co managers of the Strategic Bond Strategy, John Pattullo and Jenna Barnard, expanded on their thematic approach to bond investing and why this continues to deliver a differentiated and contrarian view of developed world bond opportunities. Having carved out the peak in US interest rates and bond yields in 2018, they discussed portfolio positioning and the outlook for both credit and government bond markets.

The webcast also includes a review of the performance of the Strategic Bond Strategy, highlights of current positioning and outlook for the medium term.

As finding income in Europe becomes tougher, high yield bonds, which have historically generated attractive long term total returns, could become an interesting opportunity for investors. Tom Ross and Tim Winstone, Co Managers of the Euro High Yield strategy at Janus Henderson, explore this fascinating asset class.

Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and you may lose the amount originally invested.

On 21st May at 15:00 CET Hamish Chamberlayne, Manager of the Janus Henderson Global Sustainable Equity Fund, will explain why the time for sustainable and responsible investing is now and talk about his strategy’s positioning, performance and sector expertise.

China’s influence on the global economy is beginning to be represented in global capital markets with the recent increased weighting of China ‘A’ shares in equity benchmarks and the opening up of onshore bond markets to foreign investors. Charlie Awdry, China equities portfolio manager, discusses China’s dynamic investment market and how the Janus Henderson Horizon China Fund is positioned to benefit from its long-term growth opportunities.

John Bennett will deliver an update on the Janus Henderson Continental European Fund and the Janus Henderson Pan European Fund, providing some insight into recent trends in European markets and his thoughts on a potential challenge to the year-to-date rally. He will also look at the current positioning of his strategy, outlining why his focus is firmly on ‘true’ active management, based on bottom-up stock selection, to help identify Europe’s future winners.

On 4th April at 15:00 CET Andrew Gillan, Head of Asia ex-Japan Equities, will be presenting a webcast on Asia’s dynamic investment market and how the Janus Henderson Asian Growth strategy is positioned as it seeks to benefit from the region’s long-term growth opportunities. Following the recent rally in Asia ex-Japan equities, Andrew will discuss the drivers of improved sentiment in the region, the factors needed for continued strong performance and the key risks investors should be aware of.

Ethan Lovell, co-manager of the Janus Henderson Global Life Sciences Fund, discusses the complex and dynamic sector of heath care. In this webcast, Ethan will discuss:
•The rapid and accelerating pace of innovation in the sector
•How aging demographics is providing a tailwind
•The exogenous factors affecting the sector
•Why an active approach is crucial
•The key strengths of the Global Life Sciences Team
•The investment process, fund performance and current fund positioning

Date: 21 March 2019 | Time: 2pm (GMT)

Markets have been volatile over the past year as deteriorating economic data, trade tensions and shifting central bank rhetoric have caused asset prices and yields to fluctuate. In this webcast, portfolio manager Nick Maroutsos looks at how investors can navigate this environment and chart a potentially less volatile path with their fixed income investments. Areas covered include:

•An assessment of the macroeconomic environment for fixed income
•Exploiting differences in monetary policy regimes globally
•Techniques to generate income and manage volatility

On 19th March at 15:00 CET, Fund Manager Jeremiah Buckley will be discussing the Janus Henderson Balanced Fund – a dynamically managed, US-focussed blend of equities and bonds, with over €21bn strategy AuM (as at 31 December 2018). With the fund now in its 21st year, Jeremiah will give a re-cap on the team, process and performance, and where they are currently identifying the best risk-adjusted opportunities across the corporate capital structure.

On 26th February at 15:00 CET, Fund Manager Steve Johnstone will be holding a webcast on the Janus Henderson Global Equity Market Neutral strategy. With the strategy approaching its 2-year anniversary, Steve will give a re-cap on its aims and investment process, as well as discuss performance drivers and improvements to the manager line-up.