Janus Henderson
The latest research and outlooks in the ProAllocate library
- Equities
The case for China equities: Capturing China’s next phase of growth
Janus Henderson Investors argues China equities merit a strategic allocation, citing an innovation-led growth shift, attractive valuations, diversification benefits and shareholder-value reforms. It contends widening performance dispersion between winners and losers strengthens the case for active stock selection.
- Thematics
Quick View: An argument for the long view during AI volatility
A research team argues that Democratic gains in state governorships, driven by anti-data-center rhetoric, raise regulatory risk for AI infrastructure, triggering a tech sell-off. It contends the AI buildout will continue but favour diversified hyperscalers over single-product and smaller neocloud providers.
- Wealth Management
The Jimmy Buffett estate dispute: Lessons for every family
Jimmy Buffett's estate, worth roughly $275 million, has become embroiled in litigation between widow Jane Buffett and co-trustee Richard Mozenter over trust control rather than inheritance. The case illustrates how unclear trustee governance, not asset distribution, often undermines even carefully constructed estate plans.
- Equities
Absolute return: Dispersion and opportunity in an era of disorder
Janus Henderson Investors argues that rising interest rates, geopolitical disruption and uneven AI adoption have driven stock dispersion to near 2009 levels, creating fertile conditions for active, absolute-return stock selection strategies.
- Pensions
The Future of Decumulation - why retirement planning needs a new approach
Janus Henderson argues decumulation is fundamentally different from accumulation and cannot be solved by a single product or pooled pathway. It proposes a modular, AI-orchestrated 'system' combining income, liquidity, growth and protection sleeves personalised to each retiree at scale.
- Sustainability
Integrating climate & biodiversity: Unlocking value in portfolio management
Janus Henderson's Michelle Dunstan argues climate and nature risks should be integrated into standard financial analysis, not treated as a separate ESG overlay, using Sasol's underpriced carbon tax exposure as a case study.
- Wealth Management
Midterm elections: Keeping the big picture in mind
Edward Jones notes that historical S&P 500 returns under a Republican president and Democratic Congress appear weak, but are skewed by the 2008 financial crisis and 1970s oil embargo. It argues advisors should counter recency bias and political salience to keep clients focused on long-term plans.
- Fixed Income
Concentration issues: The problem with indexing bonds in an AI world
Janus Henderson argues that AI-driven capital expenditure is concentrating risk across both equity and investment-grade bond indices, as hyperscaler debt issuance pushes credit index risk toward levels rivalling major US banks. It recommends active credit selection over passive index tracking to mitigate this concentration while preserving diversification benefits.
- Equities
Europe’s unloved opportunity: Finding quality amid the pessimism
An active manager argues European equities' low valuations overstate genuine weaknesses in energy costs, innovation and growth, arguing quality companies with strong fundamentals are mispriced due to negative sentiment rather than poor prospects.