Janus Henderson Investors
Large-scale trading activity periodically creates short-term dislocations. Portfolio Manager Aneet Chachra considers the investment opportunity around these flow-driven price moves.
Many of the uncertainties of 2020 are resolved for now. The U.S. election is decided, the stimulus bill has passed, the Federal Reserve is holding rates near zero, and vaccinations have started. Most investors need to save money for retirement. But with inflation-adjusted bond yields negative around the world, savings are being disproportionately channeled into equities and other risky assets.