Janus Henderson Radio Podcast

In this episode, Portfolio Manager Jeremiah Buckley and Head of U.S. Fixed Income Greg Wilensky discuss how they are navigating tariff-driven volatility and why cross-team coordination is crucial to uncovering relative value opportunities in equity and fixed income.

With large capital reserves, an improving regulatory backdrop, and positive growth trends, many financial firms look prepared to withstand a potential recession.In this episode, Portfolio Manager John Jordan and Research Analyst Andrew Manguart share what they're hearing from banks about the volatile macro backdrop, and why they believe the sector is well positioned even if growth slows.

Is ESG dead? Far from it – but misconceptions abound.In this episode, Michelle Dunstan, Chief Responsibility Officer, and Aaron Scully, Portfolio Manager, address ESG misconceptions and explain how integrating material ESG factors can enhance long-term

In this episode, Portfolio Manager John Lloyd discusses the most pressing issues facing fixed income investors today, with a focus on rates, spreads, volatility, and the Federal Reserve.

New GLP-1 weight-loss drugs have already hit $50 billion in annual sales – and look to have plenty of room to grow.Portfolio Manager Dan Lyons joins this episode of Global Perspectives to provide an update on popular GLP-1 weight-loss therapies and discuss whether sales of the drugs can continue to grow and the impact on the overall healthcare sector.

In this episode, Director of Research Chris Benway explains how his team's sector specialists conduct deep fundamental research to identify potential winners and laggards in an environment where stock market dispersion is increasing.

Portfolio Manager and Equity Research Analyst Brian Recht discusses transformational themes, with a focus on cloud computing and digitization, that he believes will drive future economic growth and provide long-term investment opportunities.

Luke Newman, Kareena Moledina and Richard Clode join Matthew Bullock to delve into the prospects for active equities and fixed income strategies in the year ahead.

In this edition of Global Perspectives, we share our Market GPS Investment Outlook 2025 panel discussion, recorded on December 6. Head of Global Fixed Income Jim Cielinski, Head of Americas Equities Marc Pinto, and Global Head of Multi-Asset Adam Hetts discuss their views on what to expect in markets in 2025 and how to position accordingly.

Interest rates, deregulation, and election outcomes could lead to new sector winners and losers.Portfolio Managers Josh Cummings and John Jordan explain why even as the outlook for earnings growth is strong for 2025, uncertainty around government policy, as well as the evolution of AI and rate moves, argue for a bottom-up approach to investing.

In this episode, our experts discuss the integration of ESG into investment strategies, the importance of data, and responsible AI.

A discussion of current opportunities in equities and fixed income, and why a flexible asset allocation approach might prove valuable in today's complex market landscape.In this episode, Portfolio Manager Jeremiah Buckley, CFA, and Head of U.S. Fixed Income Greg Wilensky, CFA, discuss economic uncertainties to monitor, the impact of the Federal Reserve's (Fed) rate-cutting cycle, artificial intelligence's (AI) productivity boost, and the latest fundamental opportunities in both equities and fixed income. They also weigh in on why a flexible asset allocation approach might prove valuable in today's complex markets.

A discussion on how the macroeconomic environment is impacting the securitized and multi-sector credit markets.In this episode, Portfolio Managers John Kerschner and John Lloyd join U.S. Head of Portfolio Construction and Strategy Lara Castleton for a discussion on how the macroeconomic environment is impacting the securitized and multi-sector credit markets.

Portfolio Managers Alison Porter and Richard Clode join Matthew Bullock, EMEA Head of Portfolio Construction and Strategy, to discuss the implications for the technology sector in terms of demographic differences, geopolitical factors, and why patience is a key virtue when investing in an emerging tech wave like AI.

Portfolio Manager Jason Brooks and Pat Brophy, Portfolio Manager at Forum Capital Advisors join Lara Castleton, U.S. Head of Portfolio Construction and Strategy, to discuss the current landscape in commercial real estate and emerging opportunities for investors in both private and public commercial real estate-backed debt.

European equities Portfolio Manager Tom O'Hara joins Matthew Bullock, EMEA Head of Portfolio Construction and Strategy, to discuss the prospects for European equities – and how companies in the region are starting to benefit from large-scale Artificial Intelligence (AI) investment.

Portfolio Managers Jonathan Coleman and Justin Tugman discuss macroeconomic, valuation, and cyclical factors driving momentum in small cap. They share insights on the economic outlook and key themes to watch in both growth and value investing.

Portfolio Managers Julian McManus and Christopher O'Malley join Lara Castleton, U.S. Head of Portfolio Construction and Strategy, to discuss their outlook for non-U.S. equities, pointing out that valuations, elevated interest rates, and artificial intelligence (AI) are among many tailwinds for the asset class. Note: This episode was recorded at the end of July, before the market pullback on August 5. However, the views shared during the discussion have not changed.

Janus Henderson's asset class heads discuss their outlook for the second half of 2024 in a panel discussion from our recent Global Investment Summit. Jim Cielinski, Global Head of Fixed Income, joins Lucas Klein, Head of EMEA and Asia Pacific Equities and Marc Pinto, Head of Americas Equities in a session hosted by Matthew Bullock, EMEA Head of Portfolio Construction and Strategy.

Portfolio Manager Brian Demain discusses diverse growth drivers in mid-cap stocks, including opportunities tied to artificial intelligence (AI), electrification, and healthcare. Further, he advocates for a selective approach given wide valuation dispersion, the higher cost of capital environment, and hidden risks such as stock-based compensation.

Head of U.S. Securitized Products John Kerschner and Portfolio Manager Nick Childs discuss how the current interest rate environment impacts the securitized market and why active management is key to identifying the best opportunities for risk-adjusted yield.

In this episode, Portfolio Manager Daniel Graña explains why emerging market stocks could close the performance gap with developed market peers, making now a potentially good time to consider the overlooked asset class.

Global Perspectives: Disinflation creates solid ground for rate cuts

How healthcare's small- and mid-cap companies could benefit from one of today's key macroeconomic growth drivers: aging populations.In a follow-up discussion to a recent paper , Portfolio Managers Andy Acker, Jonathan Coleman, and Brian Demain explore how aging populations are helping to spur innovation in healthcare – and creating growth opportunities for investors.

Industrials Outlook 2024: Associate Director of Research Chris Benway says new secular growth drivers could help offset any cyclical slowdown in industrials.

2024 Tech Outlook: Portfolio Managers Denny Fish and Jon Cofsky explain what's next for artificial intelligence (AI) and other trends that could impact the technology sector in the year ahead.

2024 Healthcare Outlook: Portfolio Manager Andy Acker explains why, after underperforming in 2023, the healthcare sector could be well positioned for the year ahead.

2024 Financials Outlook: In this episode, Research Analyst and Portfolio Manager John Jordan shares where he sees the best risk/reward trade-offs in the financials sector.

2024 Energy Outlook: In this episode, Research Analyst Noah Barrett explains the major trends that could shape the energy sector in the year ahead.

2024 Consumer Outlook: Research Analyst Josh Cummings explains which companies could be best positioned to benefit as consumer spending remains robust but the macroeconomic outlook grows more uncertain.

Will global markets remain conflicted in 2024? What will the chain reactions be as rates, inflation, employment, growth, and geopolitics converge? (Recorded 12/6/23)

Global Perspectives: investing in the transformation of a sustainable economy

Guy Barnard, Co-Head of Global Property Equities, and Matt Bullock, EMEA Head of Portfolio Construction and Strategy, review how listed property has fared this year and explain why 2024 may be a more favourable backdrop for the sector.

Research Analysts Andrew Manguart and Ian McDonald join as guests to explain the reasons for accelerating premiums in home, auto, and commercial lines of insurance and why these trends could extend the industry's recent gains.

Portfolio Manager Denny Fish discusses the implications of higher rates and a potential recession on the tech sector and how he sees mega-themes such as artificial intelligence (AI) and cloud computing evolving in the years ahead.

Can traditional media survive in the age of streaming? The answer may provide valuable insights for what investors should consider amid technological change.Research Analyst Divyaunsh Divatia takes listeners through the ups and downs of the streaming revolution and explains what it might take for the media industry to come through this period of technological disruption.

Portfolio Managers John Kerschner and Nick Childs discuss the securitized subset of the fixed income market and where they see opportunities for investors to diversify their portfolios and uncover income opportunities.

Research Analyst and Consumer Sector Team Lead Josh Cummings joins as a guest to discuss how higher interest rates and a cooling labor market might impact consumer spending.

In this episode, Portfolio Managers Andy Acker and Dan Lyons explain how the healthcare sector has evolved since the heady days of the pandemic and what role the sector can play in investment portfolios today.

Richard Clode, Portfolio Manager, joins Matthew Bullock, EMEA Head of Portfolio Construction and Strategy, to discuss thematic investing. They cover the importance of thematics, their take on the do's and don'ts for investors, key technology themes, and portfolio construction considerations.

In this episode, Portfolio Manager Jeremiah Buckley, CFA, and Head of U.S. Fixed Income Greg Wilensky, CFA, discuss current opportunities in equity and fixed income markets. They also weigh in on why careful security selection, a flexible asset allocation, and managing risk at an aggregate level are key for multi-asset portfolios in today's markets.

Where we see value in U.S. fixed income and how we believe investors should position portfolios to take advantage of the opportunities available.

In this episode, Luyi Guo, a Research Analyst on the Healthcare Sector Team, explains how new weight-loss drugs could become one of the largest and most consequential drug categories in history.

Co-Heads of Global Bonds, Jenna Barnard and John Pattullo discuss policy lags and why they believe the market is too pessimistic on inflation improvement but too optimistic on the growth environment.

In this episode, Portfolio Manager Denny Fish and Research Analyst Shaon Baqui explain why artificial intelligence (AI) is driving big returns for some tech stocks, and what investors should consider as the technology continues to evolve.

Portfolio Managers Jonathan Coleman and Justin Tugman discuss the market and economic factors they believe could portend an extended run of small-cap leadership.

In this episode of Research in Action, Ash Alankar, Head of Global Asset Allocation, says the options market shows few signs of stress, with potentially important implications for investment portfolios.

As structural shifts in the economy work to keep upward pressure on inflation, investors may want to consider a more global approach to equity investing, say George Maris, Head of Equities – Americas, and Julian McManus, Portfolio Manager.

The electrification of the global economy hinges on the ability to make batteries more powerful and lower cost. Which companies succeed in reaching those goals could have significant implications for the industry and the broader economy, says Associate Analyst Jacob Thayer.

Public real estate investment trusts (REITs) have limited exposure to the types of commercial real estate most affected by the recent banking crisis. In fact, with low levels of debt and multiple ways to access capital, some public REITs could capitalize on today's tighter lending environment, says Portfolio Manager Greg Kuhl.

Adam Hetts, Lara Reinhard, and Mario Aguilar from the Portfolio Construction and Strategy (PCS) group cover key themes from the team's latest Trends and Opportunities outlook and discuss the biggest trends they are seeing in client portfolio consultations.