Tell Tail Signs: The Twilight of Accommodative Monetary Policy’s Efficacy
Each month, the Adaptive Multi-Asset Solutions Team provides an asset class outlook using option market prices to infer expected tail gains and tail losses.
Multi-Asset
Janus Henderson offers various multi-asset investment solutions. More specifically, our Adaptive Multi-Asset Solutions Team focuses on maximizing compound returns by mitigating large tail losses and profiting from large tail gains. We believe a distribution of returns, as a measure of risk, is important in determining terminal value, with tail risks — both positive and negative — playing a critical role.
Daily forward-looking estimates of tail losses and tail gains for major asset classes are derived from option market prices. These estimates form the basis for a dynamic asset allocation approach aimed at mitigating material losses from systemic shocks while capturing upside gains.
Multi-Asset and Alternatives
A Hole in Strategic Asset Allocation
Learn why an adaptive allocation approach can be designed to maximize compound returns while mitigating acute tail risk.
August 2018Related Material
Tell Tail Signs: Any More Catalysts for Risk Assets?
Each month, the Adaptive Multi-Asset Solutions Team provides an asset class outlook using option market prices to infer expected tail gains and tail losses.
Dr. Myron Scholes Video Investment Series
In this four-part video series, Nobel Laureate Myron Scholes, Ph.D., Chief Investment Strategist, offers fresh insights on the principles of diversification, risk management, compound returns, industry benchmarks, and more.