Janus Henderson Investors: Investors need to think again about the role of government bonds

Key takeaways:

• Investors are likely to have to work their investments harder after a decade in which loosening monetary policy has driven all asset prices, in aggregate, higher.
• The latest wave of monetary policy stimulus has seen ever more policy rates from central banks head towards negative territory, dragging government bond yields down with them.
• A more flexible approach may be required for those unwilling or unable to pay up for portfolio insurance, such as options.

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