Mid-Year Market GPS 2019
Which themes are shaping the 2019 investment landscape? Read the thinking of our investment teams in the Janus Henderson Mid-Year Market GPS.
INVESTMENT STRATEGIES
Global Alpha Equity
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Overview
We believe investing in companies where the market underestimates free-cash-flow growth and using risk efficiently drives excess returns.
Investment Approach
- The portfolio invests in companies where we believe free cash flow growth is underestimated by the market. We invest with no persistent style bias, we strive to be consistently good, not sporadically great.
- The portfolio managers’ investment style is based on high-conviction, disciplined and opportunistic decisions that are unconstrained by market cap or geography.
- This portfolio seeks to maximize risk adjusted return by focusing on stock selection risk and managing and mitigating all other sources of portfolio risk.
Consistently Good, Not Sporadically Great
Global, High-Conviction, Country Agnostic Approach
Maximize Risk/Reward Trade-Offs
Portfolio Management
Featured Insights
Understanding Market Volatility
In the first of two videos, George Maris, Co-Head of Equities – Americas, discusses fundamental reasons for the return of market volatility.
Volatility Creates Attractive Entry Points in Advantaged Companies
George Maris, CFA, Co-Head of Equities – Americas, discusses how the pace of inflation could shape the economic landscape and markets in 2019 and why investors must exercise prudent security selection as volatility climbs to historical levels.
Performance
RETURNS
| Inception: Sep 01, 2012 | 3M | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception |
|---|---|---|---|---|---|---|---|
| Composite Gross | 0.77% | 15.77% | 0.38% | 12.34% | 7.51% | - | 11.48% |
| Composite Net | 0.61% | 15.23% | -0.26% | 11.64% | 6.84% | - | 10.80% |
| MSCI All Country World Index℠ (Gross) | 0.10% | 16.71% | 1.95% | 10.30% | 7.23% | 8.93% | 9.79% |
| Inception: Sep 01, 2012 | 3M | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception |
|---|---|---|---|---|---|---|---|
| Composite Gross | 0.77% | 15.77% | 0.38% | 12.34% | 7.51% | - | 11.48% |
| Composite Net | 0.61% | 15.23% | -0.26% | 11.64% | 6.84% | - | 10.80% |
| MSCI All Country World Index℠ (Gross) | 0.10% | 16.71% | 1.95% | 10.30% | 7.23% | 8.93% | 9.79% |
Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars. Composite returns are net of transaction costs and gross of non-reclaimable withholding taxes, if any, and reflect the reinvestment of dividends and other earnings.
The gross performance results presented do not reflect the deduction of investment advisory fees and returns will be reduced by such advisory fees and other contractual expenses as described in the individual contract and Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but they do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy shown and may be higher or lower than model advisory fees. Returns for each client will be reduced by such fees and expenses as negotiated in any client contract as discussed in Form ADV Part 2A.
For a complete list of holdings as of the most recently available disclosure period, contact us.
The gross performance results presented do not reflect the deduction of investment advisory fees and returns will be reduced by such advisory fees and other contractual expenses as described in the individual contract and Form ADV Part 2A.
Net performance results do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite but they do reflect the deduction of model investment advisory fees based on the maximum fee rate in effect for the respective time period, adjusted for performance-based fees where applicable. Actual advisory fees may vary among clients invested in the strategy shown and may be higher or lower than model advisory fees. Returns for each client will be reduced by such fees and expenses as negotiated in any client contract as discussed in Form ADV Part 2A.
For a complete list of holdings as of the most recently available disclosure period, contact us.