Janus Henderson Global Multi-Asset Conservative Managed Account Q4 2025 Commentary

Janus Henderson Investors3.61K FollowersFollow5ShareSaveCommentsSummaryThe Portfolio returned 1.87% (gross) and the 40% MSCI ACWI Net/60% Bloomberg US Agg Linked returned 1.98%.An overweight position in international fixed income contributed on a relative basis, while an underweight position in U.S. fixed income detracted.A shifting economic and market environment presents a profound opportunity set for active investors. Pla2na/iStock via Getty Images Portfolio management Adam Hetts, CFA Oliver Blackbourn, CFA Investment environment Global equities rose on signs of stable economic growth, positive corporate earnings, and hopes for central-bank rate cuts outside of Japan. The U.S. Federal Reserve (Fed) reduced rates twice during the This article was written byJanus Henderson Investors3.61K FollowersFollowJanus Henderson Investors exists to help clients achieve their long-term financial goals. Formed in 2017 from the merger between Janus Capital Group and Henderson Global Investors, we are committed to adding value through active management. For us, active is more than our investment approach – it is the way we translate ideas into action, how we communicate our views and the partnerships we build in order to create the best outcomes for clients. While our investment managers have the flexibility to follow approaches best suited to their areas of expertise, overall our people come together as a team. This is reflected in our Knowledge. Shared ethos, which informs the dialogue across the business and drives our commitment to empowering clients to make better investment and business decisions.www.janushenderson.com