Janus Henderson
In 2021 , there were increased flows into higher yielding assets , including emerging market debt , high yield corporate bonds , private and alternative credit
approach to that of a growth manager within the equity space . As such , they invest in companies with sustainable yields , with a bias towards the sweet spot of BB- and BBB-rated bonds . Historically , bonds of this quality have tended to produce the best riskadjusted returns . So it is no surprise that the portfolio consists of large , high quality , less cyclical modern-day businesses with sustainable revenues . Some examples include exciting and innovative companies such as cloud computing firm Rackspace
Technology , cybersecurity company Crowdstrike and financial services and digital business Square .
Growth versus value Their approach contrasts with that of most bond managers , who are more akin to value managers . Value managers focus on the yield on offer , but often yields are higher whilst underlying valuations are depressed for fundamental reasons . For instance , managers with a value
Issue 81 - February 2022 / 23 /