Please ensure Javascript is enabled for purposes of website accessibility What do your peers think? - Janus Henderson Investors - UK private investors
{{banner.link_text}}
For individual investors in the UK
Back to Insights

What do your peers think?

In our latest Customer Panel Survey in December 2024, we asked for your thoughts on some topical questions. We aggregated the responses from respondents so you can see what your peers are thinking.

A large container ship sailing across the sea with the sun setting behind it.
Janus Henderson Investors
Janus Henderson Investors

17 Jan 2025
3 minute read

Trade friction

1. What are your top investment concerns? (Select up to three)

We asked you what your top investment concerns were. Government policy jumped into first place, with conflicts dropping into second place from first place six months ago. Trump’s re-election and the Budget were probably front of mind when respondents answered. A notable decline was concerns about inflation, with only 35% of respondents selecting this, compared with 49% six months ago.

A bar chart showing respondents’ top investment concerns. They could select up to three. The bars are orange and run horizontally. The top concern is government policy selected by 54%, followed by Conflicts at 50%, Geopolitical landscape at 38%, interest rates at 36%, inflation at 35%, recession at 32%, exchange rates at 7% and just 4% were worried about the housing market.

2. The incoming US president, Donald Trump, has suggested tariffs (tax on imports) of up to 60% on goods entering the US. Which sentence best describes your view?

Most of you felt that Trump was likely to be using tariffs as a negotiating tactic and that final tariffs would be lower. This was despite Trump announcing the appointment of key cabinet members who firmly advocate tariffs as a means to raise revenue and protect American industries.
54%
It is a negotiating tactic – tariffs will be a lot lower
36%
Any rise in tariffs is likely to trigger retaliation by other countries and drive economies into recession
10%
You should take Trump’s word at face value and expect big tariffs

 

3. If tariffs are enacted, what do you think will be their impact? (Select one that best describes your view)

A pie chart in four colours showing the percentage of respondents that selected a particular response to a question on the impact of tariffs. The biggest piece of the pie is coloured orange and represents 44% of respondents who said Companies will pass the costs onto consumers (the impact depends on whether consumers are willing to pay the higher prices). The second largest part of the pie is coloured grey and reflects 36% of respondents who said it will lead to a fall in global trade and lower economic growth. A blue section represents 14% of respondents who said consumers will buy more domestically made goods as imports become more expensive. Finally, the smallest piece of the pie is coloured red and represents 6% who said that if the tariffs are small, the cost will be absorbed by companies.

“It remains to be seen whether the most aggressive of Trump’s proposals are merely a negotiating tactic. The effects of tariffs would vary. Some export demand, e.g., semiconductors, is less sensitive to price changes so export volumes could remain stable even if tariffs push prices higher. Lower value and commoditised exports, however, could lose market share to domestic alternatives should tariffs reach punitive levels. In nearly all instances, higher tariffs inhibit global growth and tend to be inflationary.”

-Daniel Graña,
Portfolio Manager,
Emerging Market Equities

Customer Panel

If you are interested in participating in the Customer Panel Surveys, please email customer.panel@janushenderson.com with your name and email address and we will get in touch with you. Existing members will continue to be included and do not need to reapply. To join the Panel you must be 18 years of age or over and hold an investment directly with Janus Henderson Investors. The survey is conducted a few times each year; participation is voluntary. Please note that your individual responses are confidential and remain anonymous but we may publish the aggregate results from time to time.

The Customer Panel Survey was conducted between 12 December 2024 and 31 December 2024. 323 respondents took part online.

INVESTMENT FOCUS

Issue 32 (Winter 2024/25)


Explore

These are the views of the author at the time of publication and may differ from the views of other individuals/teams at Janus Henderson Investors. References made to individual securities do not constitute a recommendation to buy, sell or hold any security, investment strategy or market sector, and should not be assumed to be profitable. Janus Henderson Investors, its affiliated advisor, or its employees, may have a position in the securities mentioned.

 

Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.

 

The information in this article does not qualify as an investment recommendation.

 

There is no guarantee that past trends will continue, or forecasts will be realised.

 

Marketing Communication.

 

Glossary

 

 

 

Janus Henderson Investors
Janus Henderson Investors

17 Jan 2025
3 minute read
Janus Henderson Investors
Janus Henderson Investors

We believe in sharing insights from our Janus Henderson’s investment experts to help you navigate market trends and portfolio opportunities.

More articles by Janus

Choose region

Country

Language

What type of investor are you?