JunLi Henderson: Maintaining investments and a balanced portfolio may be the best way to cope with market fluctuations

Oliver Blackbourn, portfolio manager at Janus Henderson Investors, and Adam Hetts, head of the Global Multi-Asset Team and portfolio manager, stated that although the global tariff measures announced by U.S. President Trump on April 2 remain largely unclear, it is relatively certain that tariffs may adversely affect economic growth, consumer behavior, and market performance. Stimulus policies in Europe and China may combine with the upcoming stimulus measures in the U.S., creating a favorable mid-term environment for active investors. Therefore, maintaining investments and a balanced portfolio may be the best way to cope with current volatility. They noted that the most important question may be whether the global trade war could push this late-cycle economy into a global recession. Although they believe the answer is still "no," U.S. stock valuations are relatively high and may be vulnerable to negative surprises