Articles

Europe in a world of “alternative facts”

by Tim Stevenson

3 days ago

​European equities manager Tim Stevenson discusses the uncertain political backdrop in Europe, and why ‘boring but reliable’ economic progress may spell good news for banks and recovery names in the region.

More
​Q&A: unlocking value in Japanese smaller companies

by Yunyoung Lee

2 weeks ago

​In this Q&A, Yunyoung Lee, Manager of the Henderson Japanese Smaller Companies Strategy, covers:

  • Overview of the strategy
  • Expectations for Japanese smaller companies’ performance
  • Key drivers of the Japanese equities market
  • Current investment themes
More
China investment themes - travel and leisure

by Charlie Awdry, May Ling Wee

2 weeks ago
In the first in a series of articles on key Chinese investment themes, Charlie Awdry and May Ling Wee, China equity portfolio managers, discuss the consumption story, which remains steadfast as economic growth stabilises. The managers explain why they think investors with a selective approach can capitalise on this long-term progressive trend and share some of their stock picks for the sector.
More
Quick view: the Old Lady takes a neutral policy stance

by Mitul Patel

3 weeks ago

Financial markets were watching London’s Threadneedle Street today for the Bank of England’s Super Thursday, which delivers the latest interest rate decision, a quarterly inflation report and minutes of the Monetary Policy Committee meeting, followed by a press conference.

Henderson’s Mitul Patel, Head of Interest Rates, shares his views on the bank’s latest policy stance and forecasts for growth and inflation.

 
More
What are the key factors shaping global equity income investing?

by Ben Lofthouse

3 weeks ago
In this video update, Ben Lofthouse, Global Equity Income portfolio manager, explains the recent market rotation from defensive to cyclical stocks, examines key risks and opportunities for global equity income investors and discusses the impact of corporate earnings trends and potential US rate rises.
More
John Bennett: European banks and value opportunities

by John Bennett

3 weeks ago

​John Bennett, Head of European Equities, looks at the shift from ‘growth’ to ‘value’ in global markets, and assesses what this means for Europe. He discusses his tactical moves prior to the shift gathering momentum, and what he sees as the key catalysts for improvements for European banks.

John covers the following subjects:

  • Growth to value – a meaningful reversion
  • ‘Tilting’ the strategy
  • Prospects for European banks
More
Credit round-up: which factors will have the biggest impact on markets this year?

by Stephen Thariyan

1 month ago
What are the key factors affecting the outlook for European and sterling corporate bond markets in 2017? Stephen Thariyan, Global Head of Credit, examines the many factors with the potential to alter the path of markets this year, including  the durability of the Trump rally, inflation expectations, improvements for banks, issuance and Brexit developments.
More
Macroeconomic uncertainty a certainty for China in 2017

by Charlie Awdry

1 month ago
In this video, Charlie Awdry, China equities manager, provides a brief macro update. The start of 2017 has seen further Chinese government intervention in the currency markets and President Xi promoting globalisation at a time when other countries are becoming more inward looking. Charlie also discusses the indicators he is monitoring to ascertain the future shape of US-China relations under President Trump and why this year’s Party Congress could signal a spell of economic stability in the short term.
More
The case for total return fixed income investing

by Phillip Apel

1 month ago

​There are growing signs that we have passed the peak of monetary policy impact and have seen the low in global bond yields, with the focus turning more towards the reflationary effects of fiscal policy. Divergent economic policies across the globe create different risks. In the US, where the rate cycle is more advanced, protecting against the potential impact of rising rates is paramount. Contrast that with the eurozone, where the European Central Bank (ECB)’s policy of negative interest rates has left an entrenched hunt for yield.

This is a challenging environment, but one in which funds that employ total return strategies, focusing on capital growth and income, have scope to both shelter capital during stormy conditions in the bond market, and use their wide remit to seek higher return opportunities outside of traditional sectors.

More
How will growth and inflation shape fixed income markets in 2017?

by Phillip Apel, Andrew Mulliner

1 month ago
Henderson Fixed Income Investment Strategy Group (ISG) members, Phil Apel, Head of Fixed Income, and Andrew Mulliner, Portfolio Manager, reflect on the main factors driving markets into year-end and share their expectations for sources of returns in 2017.
More
Quick view: May’s 'hard Brexit' offers Hobson’s choice

​Ryan Boothroyd from Henderson’s Multi-Asset Team reacts to Theresa May’s ‘Brexit’ speech, which outlined plans for the UK to leave the European Union (EU) single market.

More
EM equities: positioning and opportunities (Q1 update)

by Glen Finegan

1 month ago

​Glen Finegan, Head of Emerging Market Equities, provides a detailed update on the Henderson Emerging Market Equities Strategy, covering performance, investment activity, portfolio positioning and his outlook for the asset class.

More
Active versus passive investing – selectivity required

by 

1 month ago

​The active versus passive debate has led to numerous studies, detailed analysis and thought-provoking theories. What is clear is that passive funds have attracted significant inflows in the last decade and now play a major role, for better or worse, both in investor portfolios and in the functioning of global capital markets.

More
Multi-Asset Outlook 2017: More, more, more! – Growth, inflation, politics

​Paul O’Connor, Head of Multi-Asset, reviews 2016’s lessons, and details the key themes that investors should prepare for in 2017. He explains which areas of the market look most and least appealing from a cross-asset perspective.

More
Global Technology: expectations for 2017

by Stuart O'Gorman

2 months ago
Stuart O’Gorman, Director of Technology Equities, discusses his outlook for 2017. While technology stocks have been experiencing near-term headwinds, such as US dollar strength and fears about trade protectionism, Stuart and his team continue to believe the asset class can outperform global equities over the medium and long term.
More
Quick view: Fed signals a faster pace of rate hikes

by Mitul Patel

2 months ago

​The rate setting committee of the US Federal Reserve (Fed) met on Wednesday 14 December and delivered the first interest rate move since last December. Henderson’s Mitul Patel, Head of Interest Rates, provides a brief reaction to the outcome of the meeting and the news conference that followed.

More
2017 outlook: two great unknowns

​James de Bunsen, fund manager with Henderson’s Multi-Asset Team, reviews 2016’s key lessons and gives his view on which themes will likely shape markets in 2017 from a cross-asset perspective.

More
Credit outlook 2017: a spread of outcomes

by Stephen Thariyan

2 months ago
Stephen Thariyan, Global Head of Credit, comments on the outlook for credit markets in 2017 noting that geography and a bond’s position on the ratings spectrum are likely take on increasing importance in the coming year.
More
Italy’s “No” vote: local impact, but tail risks remain

​Ryan Boothroyd from Henderson’s Multi-Asset Team reacts to Italy’s decision to vote ‘No’ to constitutional reform in its 4 December referendum.

More
How will Global Property Equities fare in 2017?

by Guy Barnard

3 months ago

Guy Barnard, Co-Head of the Global Property Equities Team, shares his outlook for 2017. Adopting a balanced view on the property sector, the team’s focus will remain on investing in markets and sectors that are demonstrating resilient growth characteristics and companies with quality assets and management teams.

More