Smooth operator – seeking a less volatile path in fixed income

2019 has seen policy easing by central banks amplify the search for yield amid an unclear global economic backdrop. In this presentation, Seth Meyer and Tom Ross, credit portfolio managers at Janus Henderson Investors, take stock of market conditions and the economic outlook to consider the prospects for high yield bonds in 2020. Areas covered include:

•Market dynamics within different regions and why global high yield is expected to remain in demand.
•The catalysts that could drive a widening or tightening of spreads, with US politics set to play a starring role.
•Whether quality will continue to outperform or will a trough in the cycle see fresh appetite for lower-rated bonds.

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

In this webcast, Guy Barnard, Co-Head of Global Property Equities discusses why an income-producing and more defensive asset class like global property equities is seeing strong demand from investors particularly in a more uncertain market environment. Among others, he will provide an update on market and fund performance and cover how the fund is actively positioned to benefit from the evolving property landscape which is creating winners and losers.

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

Andy Acker, Portfolio Manager of the Janus Henderson Global Life Sciences Fund, discusses the opportunities available in the healthcare sector and how an active manager can take advantage of these opportunities. In this webcast, Andy will discuss:
•The accelerating pace of innovation in the healthcare sector
•Defensive characteristics provided by the sector
•Why an active approach is crucial
•The investment process, fund performance and current fund positioning.

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.

Hamish Chamberlayne, Head of SRI at Janus Henderson Investors, believes that investors are still underestimating the powerful impact of sustainability issues on investment returns. In this short summary, he will discuss the four environmental and social megatrends that lie at the heart of the team’s ESG approach.

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.

With interest rates in Europe at record lows and even negative in some places, investors may be looking to make their cash work harder. In this presentation, Nick Maroutsos and Jason England, two of the portfolio managers on the Absolute Return Income strategy at Janus Henderson, explain how a global approach to fixed income that focuses on low volatility can help navigate this challenging environment without assuming excessive risk. Areas to be covered include:

•An assessment of the macroeconomic environment for fixed income
•Some of the strategies and global opportunities the team are pursuing to help generate returns
•An update on key developments within the portfolio.

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.

On one side are more dovish central bankers prepared to keep rates low and provide liquidity, on the other is a deteriorating global economic backdrop. Which will win out? In this presentation, Tim Winstone, lead manager of the Janus Henderson Euro Corporate Bond strategy at Janus Henderson Investors, looks at the implications for European corporate bonds. Areas covered include:

• The risks and opportunities from the technical and economic backdrop
• The implications of negative rates and is there still value within investment grade bonds
• An update on the markets and portfolio positioning

Is it the time for true active to come to the fore in Europe? John Bennett, Head of Pan European Equities gives his insight into the disruptive trends affecting European markets, in this latest update on the Janus Henderson Continental European Fund and the Janus Henderson Pan European Fund. His views will cover:

•The role of ‘true’ active management to help identify Europe’s future winners
•Structural winners and idiosyncratic value
•The impact of technology across industries.

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.

Today’s market uncertainty demands a different game plan, but this does not mean it needs to be complicated. In this webcast, portfolio manager Marc Pinto will outline the clear, flexible ‘equity and bond’ strategy of the Janus Henderson Balanced Fund, covering (among other points):

•The value of integrated in-house equity and fixed income capabilities
•The benefits of a ‘through the cycle’ strategy anchored on fundamental research
•Is it possible to generate competitive returns while limiting downside risk?

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.

In this webcast, Andrew Gillan, Head of Asia ex-Japan Equities and Co-Manager of the Asian Growth Strategy and Fund Manager Mervyn Koh, will discuss how Asian markets have been impacted by the US-China trade dispute thus far and the escalating pro-democracy protests in Hong Kong. He will also cover what this means for the strategy in terms of investment opportunities, portfolio positioning and outlook for the region.

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.

On 19 August 2019, Ben Lofthouse, Head of Global Equity Income will discuss highlights from our latest Janus Henderson Global Dividend Index (#JHGDI) report.

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.

Markets sold off sharply this week after a sudden escalation in the US-China trade war. George Maris, Co-Head of Equities – Americas, explains why the reaction was so severe and offers insight on how investors can navigate this period of uncertainty.

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?