By Guy Barnard, CFA & Tim Gibson
Guy Barnard and Tim Gibson, Co-Heads of the Janus Henderson Global Property Equities Team, discuss the implications of negative-yielding bonds on listed property stocks and highlight the importance of active management in this environment.
In the summer months, financial markets can often feel like they are in a state of limbo, with lower transaction volumes as people head to the beach. So far in 2019, we have seen a different type of limbo as global central bank policy has sent bond yields ever lower. Most market forecasters have